China Jushi Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St · 10/25 22:45

China Jushi (SHSE:600176) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.89b (up 8.3% from 3Q 2023).
  • Net income: CN¥571.9m (down 6.4% from 3Q 2023).
  • Profit margin: 15% (down from 17% in 3Q 2023).
  • EPS: CN¥0.14 (down from CN¥0.15 in 3Q 2023).
earnings-and-revenue-growth
SHSE:600176 Earnings and Revenue Growth October 25th 2024

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

China Jushi EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.7%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Basic Materials industry in China.

Performance of the Chinese Basic Materials industry.

The company's shares are up 8.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with China Jushi, and understanding these should be part of your investment process.