Jiangsu Phoenix Publishing & Media Second Quarter 2024 Earnings: EPS: CN¥0.34 (vs CN¥0.42 in 2Q 2023)

Simply Wall St · 08/31 00:35

Jiangsu Phoenix Publishing & Media (SHSE:601928) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.89b (down 1.3% from 2Q 2023).
  • Net income: CN¥867.9m (down 19% from 2Q 2023).
  • Profit margin: 22% (down from 27% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
  • EPS: CN¥0.34 (down from CN¥0.42 in 2Q 2023).
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SHSE:601928 Earnings and Revenue Growth August 31st 2024

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

Jiangsu Phoenix Publishing & Media Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are down 2.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Jiangsu Phoenix Publishing & Media (of which 1 shouldn't be ignored!) you should know about.