Shandong Longda Meishi Second Quarter 2024 Earnings: EPS: CN¥0.021 (vs CN¥0.59 loss in 2Q 2023)

Simply Wall St · 09/01 01:13

Shandong Longda Meishi (SZSE:002726) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.52b (down 22% from 2Q 2023).
  • Net income: CN¥27.8m (up from CN¥645.5m loss in 2Q 2023).
  • Profit margin: 1.1% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.
  • EPS: CN¥0.021 (up from CN¥0.59 loss in 2Q 2023).
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SZSE:002726 Earnings and Revenue Growth September 1st 2024

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

Shandong Longda Meishi 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 down 2.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Shandong Longda Meishi that you need to be mindful of.