China National Gold Group Gold JewelleryLtd Second Quarter 2024 Earnings: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2023)

Simply Wall St · 08/30 23:16

China National Gold Group Gold JewelleryLtd (SHSE:600916) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥16.9b (up 26% from 2Q 2023).
  • Net income: CN¥230.9m (down 2.6% from 2Q 2023).
  • Profit margin: 1.4% (down from 1.8% in 2Q 2023).
  • EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2023).
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SHSE:600916 Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

China National Gold Group Gold JewelleryLtd Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.

Performance of the Chinese Luxury industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for China National Gold Group Gold JewelleryLtd that you should be aware of.