Shandong Publishing&MediaLtd Second Quarter 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.33 in 2Q 2023)

Simply Wall St · 09/01 00:53

Shandong Publishing&MediaLtd (SHSE:601019) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.47b (up 14% from 2Q 2023).
  • Net income: CN¥543.8m (down 20% from 2Q 2023).
  • Profit margin: 16% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.26 (down from CN¥0.33 in 2Q 2023).
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SHSE:601019 Earnings and Revenue Growth September 1st 2024

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

Shandong Publishing&MediaLtd Earnings Insights

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are down 3.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Shandong Publishing&MediaLtd you should be aware of.