Huaibei Mining HoldingsLtd Second Quarter 2024 Earnings: EPS: CN¥0.50 (vs CN¥0.60 in 2Q 2023)

Simply Wall St · 08/30 22:08

Huaibei Mining HoldingsLtd (SHSE:600985) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥20.0b (up 9.2% from 2Q 2023).
  • Net income: CN¥1.35b (down 8.9% from 2Q 2023).
  • Profit margin: 6.7% (down from 8.1% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.50 (down from CN¥0.60 in 2Q 2023).
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SHSE:600985 Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Huaibei Mining HoldingsLtd Earnings Insights

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 7.4% from a week ago.

Valuation

Our analysis of Huaibei Mining HoldingsLtd based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.