Jiahe Foods Industry First Half 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.34 in 1H 2023)

Jiahe Foods Industry (SHSE:605300) First Half 2024 Results

Key Financial Results

• Revenue: CN¥1.07b (down 19% from 1H 2023).
• Net income: CN¥69.4m (down 49% from 1H 2023).
• Profit margin: 6.5% (down from 10% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.17 (down from CN¥0.34 in 1H 2023).

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

Jiahe Foods Industry Earnings Insights

Looking ahead, revenue is forecast to grow 14% 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 2.3% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Jiahe Foods Industry that you should be aware of before investing here.

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