Chongqing Fuling Zhacai Group Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 08/30 23:56

Chongqing Fuling Zhacai Group (SZSE:002507) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥557.3m (down 3.4% from 2Q 2023).
  • Net income: CN¥176.5m (down 16% from 2Q 2023).
  • Profit margin: 32% (down from 36% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
  • EPS: CN¥0.15 (down from CN¥0.18 in 2Q 2023).
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SZSE:002507 Earnings and Revenue Growth August 30th 2024

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

Chongqing Fuling Zhacai Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

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

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Chongqing Fuling Zhacai Group that we have uncovered.