Meinian Onehealth Healthcare Holdings Second Quarter 2024 Earnings: EPS: CN¥0.023 (vs CN¥0.047 in 2Q 2023)

Simply Wall St · 09/01 00:14

Meinian Onehealth Healthcare Holdings (SZSE:002044) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.40b (up 3.0% from 2Q 2023).
  • Net income: CN¥70.8m (down 60% from 2Q 2023).
  • Profit margin: 2.9% (down from 7.6% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.023 (down from CN¥0.047 in 2Q 2023).
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SZSE:002044 Earnings and Revenue Growth September 1st 2024

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

Meinian Onehealth Healthcare Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Healthcare industry in China.

Performance of the Chinese Healthcare industry.

The company's shares are up 4.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Meinian Onehealth Healthcare Holdings' balance sheet health.