Minth Group (HKG:425) results for the first half of 2024
Key financial results
- Sales: CN¥11.1 billion (up 14% compared to H1 2023).
- Net income: CN¥1.07 billion (up 20% from H1 2023).
- Profit margin: 9.6% (in line with H1 2023).
- Earnings per share: CN¥0.93 (compared to CN¥0.77 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Minth Group meets expectations
Sales were in line with analysts’ estimates. Earnings per share (EPS) also met analysts’ expectations.
An average sales growth of 15% per annum is expected for the next three years. In contrast, growth of 10% is forecast for the auto parts industry in Hong Kong.
Performance of Auto parts industry in Hong Kong.
The company’s shares rose 5.3 percent compared to the previous week.
Balance sheet analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on the balance sheet health of the Minth Group.
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