Chinese Universe Publishing and Media Group Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 6d ago

Chinese Universe Publishing and Media Group (SHSE:600373) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.99b (up 18% from 2Q 2023).
  • Net income: CN¥349.1m (down 16% from 2Q 2023).
  • Profit margin: 12% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.26 (down from CN¥0.30 in 2Q 2023).
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SHSE:600373 Earnings and Revenue Growth September 1st 2024

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

Chinese Universe Publishing and Media Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Chinese Universe Publishing and Media Group that you should be aware of.