Tech-Bank Food Second Quarter 2024 Earnings: EPS: CN¥0.11 (vs CN¥0.32 loss in 2Q 2023)

Simply Wall St · 09/01 02:23

Tech-Bank Food (SZSE:002124) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.27b (down 12% from 2Q 2023).
  • Net income: CN¥237.3m (up from CN¥592.5m loss in 2Q 2023).
  • Profit margin: 11% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.
  • EPS: CN¥0.11 (up from CN¥0.32 loss in 2Q 2023).
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SZSE:002124 Earnings and Revenue Growth September 1st 2024

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

Tech-Bank Food Earnings Insights

Looking ahead, revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Food industry in China are expected to grow by 11%.

Performance of the Chinese Food industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Tech-Bank Food (1 can't be ignored) you should be aware of.