- Net Income: Foshan Haitian’s net income for the first half of 2024 reached 3.45 billion yuan, a 12% increase compared to the same period last year (3.10 billion yuan).
- Revenue: The company’s total revenue grew by 9.1% year-over-year to 14.16 billion yuan.
- Soy Sauce Revenue: Revenue from soy sauce sales amounted to 7.26 billion yuan, marking a 6.8% increase from the previous year.
- Flavored Sauce Revenue: The flavored sauce segment generated 1.45 billion yuan in revenue, an 8.2% increase year-over-year.
- Oyster Sauce Revenue: Sales of oyster sauce were up 4.5% from last year, totaling 2.3 billion yuan.
- EPS: Earnings per share (EPS) increased to 62 RMB cents from 56 RMB cents in the same period last year.
- Analyst Ratings: There are currently 32 buy ratings, 5 hold ratings, and 5 sell ratings for the company.
A look at Foshan Haitian Flavouring & Food Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investors looking at the long-term prospects for Foshan Haitian Flavouring & Food can take comfort in the company’s solid performance across key factors. With a strong score in Resilience, Foshan Haitian demonstrates its ability to weather economic uncertainties and challenges in the market. Additionally, its high scores in Dividend and Growth suggest that the company is not only focused on rewarding its investors but also positioning itself for future expansion and development.
Foshan Haitian’s momentum score also indicates that the company has been showing positive trends in its market performance. While the Value score is not as high as other factors, the overall outlook for Foshan Haitian Flavouring & Food appears promising, making it a potentially attractive investment opportunity for those looking for a balanced combination of stability, growth, and returns.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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