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Jinhui Shipping & Transportation Ltd. (JNSTF)
OTHER OTC:JNSTF
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 26, 2024
|% Change Since: 23.13%
|Next Earnings Date:Feb 28, 2025
Earnings Call Sentiment|Neutral
The call highlighted strong financial performance and significant revenue growth, particularly in chartering. However, increased expenses and global economic uncertainties present challenges. The sentiment remains cautiously optimistic, with efforts to expand and strengthen the fleet.Company Guidance
During the Q2 2024 earnings call for Jinhui Shipping and Transportation Limited, executive Wei Ching provided comprehensive guidance on the company's financial performance and strategic direction. The company reported a revenue of USD 41 million for the quarter and USD 69 million for the first half of 2024, with corresponding EBITDA figures of USD 21 million and USD 34 million. Net profit for Q2 stood at USD 9 million and USD 11 million for the first half, translating to basic earnings per share of USD 0.081 and USD 0.103, respectively. The chartering revenue saw an 81% increase, driven by a robust freight rate environment, with the average Time Charter Equivalent (TCE) reaching USD 13,407 per day in Q2 2024, a significant jump from USD 1,132 in Q2 2023. The company operated 23 owned vessels and 10 chartered-in vessels as of June 30, 2024, with a total carrying capacity of approximately 2.02 million metric tons. The gearing ratio was reported at 7%, with secured bank loans amounting to USD 64.7 million, and available liquidity just below USD 40 million. The company remains cautiously optimistic about the outlook, focusing on fleet renewal and strategic acquisitions, while maintaining a prudent approach to long-term charters and monitoring geopolitical and economic uncertainties.Strong Financial Performance in Q2 2024
Revenue for Q2 2024 reached USD 41 million, with an EBITDA of USD 21 million and a net profit of USD 9 million, demonstrating robust financial health.
Significant Increase in Chartering Revenue
Chartering revenue increased by 81% to USD 41 million for Q2 2024, driven by a strong freight rate environment.
Improved Average Time Charter Equivalent (TCE)
Average TCE for the Panamax fleet rose to USD 17,702 per day, and for the Ultramax/Supramax fleet to USD 15,110, marking substantial improvements from Q2 2023.
Net Gain on Financial Assets
Reported a net gain of USD 1.7 million from financial assets at fair value through P&L and a settlement income of USD 3.5 million from a legal dispute.
Vessel Fleet Expansion
Entered into time charter engagements and contracts to acquire additional vessels, increasing the total carrying capacity to approximately 2.02 million metric tons.
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Jinhui Shipping & Transportation (JNSTF) Earnings, Revenues Date & History
JNSTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JNSTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 26, 2024 | $0.67 | $0.67 | 0.00% |
| Aug 28, 2024 | $0.67 | $0.67 | 0.00% |
| May 31, 2024 | $0.67 | $0.67 | 0.00% |
| Feb 27, 2024 | $0.67 | $0.67 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Jinhui Shipping & Transportation Ltd. (JNSTF) report earnings?
Jinhui Shipping & Transportation Ltd. (JNSTF) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Jinhui Shipping & Transportation Ltd. (JNSTF) earnings time?
Jinhui Shipping & Transportation Ltd. (JNSTF) earnings time is at Feb 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JNSTF EPS forecast?
Currently, no data Available
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