Jiumaojiu International Holdings First Half 2024 Earnings: In Line With Expectations

Simply Wall St · 09/29 00:28

Jiumaojiu International Holdings (HKG:9922) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥3.06b (up 6.4% from 1H 2023).
  • Net income: CN¥72.3m (down 68% from 1H 2023).
  • Profit margin: 2.4% (down from 7.7% in 1H 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.05 (down from CN¥0.15 in 1H 2023).
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SEHK:9922 Earnings and Revenue Growth September 29th 2024

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

Jiumaojiu International Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 55% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Jiumaojiu International Holdings that you should be aware of.