UTour Group Second Quarter 2024 Earnings: Beats Expectations

UTour Group (SZSE:002707) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.59b (up 143% from 2Q 2023).
• Net income: CN¥43.7m (up by CN¥40.8m from 2Q 2023).
• Profit margin: 2.7% (up from 0.5% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.044 (up from CN¥0.003 in 2Q 2023).

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

UTour Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) also surpassed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in China.

Performance of the Chinese Hospitality industry.

The company's shares are up 3.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on UTour Group's balance sheet.

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