China Foods First Half 2024 Earnings: EPS: CN¥0.20 (vs CN¥0.21 in 1H 2023)

China Foods (HKG:506) First Half 2024 Results

Key Financial Results

• Revenue: CN¥11.3b (down 9.0% from 1H 2023).
• Net income: CN¥565.2m (down 5.9% from 1H 2023).
• Profit margin: 5.0% (up from 4.8% in 1H 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.20 (down from CN¥0.21 in 1H 2023).

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

China Foods Earnings Insights

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are down 1.9% from a week ago.

Valuation

Following the latest earnings results, China Foods may be undervalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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