Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd (SHSE:601952) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.72b (down 4.0% from 2Q 2023).
- Net income: CN¥165.6m (up 2.0% from 2Q 2023).
- Profit margin: 6.1% (up from 5.7% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.12 (up from CN¥0.11 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.
Performance of the Chinese Food industry.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 1 warning sign for Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd that you need to be mindful of.
Valuation is complex, but we’re helping make it simple.
Find out whether Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we’re helping make it simple.
Find out whether Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com