Guangzhou Shangpin Home Collection Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 08/31 00:09

Guangzhou Shangpin Home Collection (SZSE:300616) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥933.1m (down 26% from 2Q 2023).
  • Net loss: CN¥19.4m (down by 160% from CN¥32.3m profit in 2Q 2023).
  • CN¥0.09 loss per share (down from CN¥0.17 profit in 2Q 2023).
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SZSE:300616 Earnings and Revenue Growth August 31st 2024

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

Guangzhou Shangpin Home Collection Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 21%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Guangzhou Shangpin Home Collection (including 1 which is a bit concerning).