Shanghai Chicmax Cosmetic Full Year 2024 Earnings: Misses Expectations
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Shanghai Chicmax Cosmetic (HKG:2145) reported its Full Year 2024 results, with revenue of CN¥6.79 billion (up 62%) and net income of CN¥781.2 million (up 69%). However, both revenue and EPS missed analyst expectations by 1.8% and 1.3%, respectively. The profit margin remained at 12%. Looking ahead, revenue is expected to grow 18% annually over the next three years, slightly below the industry forecast of 19%. The company's shares have declined by 6.9% over the past week.
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