Zhefu Holding Group Second Quarter 2024 Earnings: EPS: CN¥0.031 (vs CN¥0.049 in 2Q 2023)

Simply Wall St · 09/01 01:16

Zhefu Holding Group (SZSE:002266) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥5.86b (up 24% from 2Q 2023).
  • Net income: CN¥173.9m (down 32% from 2Q 2023).
  • Profit margin: 3.0% (down from 5.4% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.031 (down from CN¥0.049 in 2Q 2023).
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SZSE:002266 Earnings and Revenue Growth September 1st 2024

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

Zhefu Holding Group Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in China.

Performance of the Chinese Commercial Services industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Zhefu Holding Group that you need to take into consideration.