SSAW Hotels & Resorts GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.057 (vs CN¥0.081 in 2Q 2023)

Simply Wall St · 09/01 00:29

SSAW Hotels & Resorts GroupLtd (SZSE:301073) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥170.4m (up 36% from 2Q 2023).
  • Net income: CN¥9.04m (down 44% from 2Q 2023).
  • Profit margin: 5.3% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.057 (down from CN¥0.081 in 2Q 2023).
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SZSE:301073 Earnings and Revenue Growth September 1st 2024

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

SSAW Hotels & Resorts GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in China.

Performance of the Chinese Hospitality industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for SSAW Hotels & Resorts GroupLtd that you need to be mindful of.