Qianhe Condiment and Food Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 00:08

Qianhe Condiment and Food (SHSE:603027) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥694.2m (down 2.5% from 2Q 2023).
  • Net income: CN¥95.6m (down 14% from 2Q 2023).
  • Profit margin: 14% (down from 16% in 2Q 2023).
  • EPS: CN¥0.093 (down from CN¥0.12 in 2Q 2023).
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SHSE:603027 Earnings and Revenue Growth September 1st 2024

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

Qianhe Condiment and Food Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 16% 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 shares are up 3.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Qianhe Condiment and Food that we have uncovered.