New Hope Dairy Second Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.21 in 2Q 2023)

Simply Wall St · 09/01 01:16

New Hope Dairy (SZSE:002946) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.75b (flat on 2Q 2023).
  • Net income: CN¥206.7m (up 18% from 2Q 2023).
  • Profit margin: 7.5% (up from 6.3% in 2Q 2023).
  • EPS: CN¥0.24 (up from CN¥0.21 in 2Q 2023).
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SZSE:002946 Earnings and Revenue Growth September 1st 2024

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

New Hope Dairy Earnings Insights

Looking ahead, revenue is forecast to grow 8.6% 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 12% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates New Hope Dairy could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.