China Testing & Certification International GroupLtd Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 08/30 22:10

China Testing & Certification International GroupLtd (SHSE:603060) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥582.6m (up 8.7% from 2Q 2023).
  • Net income: CN¥53.7m (up 2.7% from 2Q 2023).
  • Profit margin: 9.2% (in line with 2Q 2023).
  • EPS: CN¥0.067 (up from CN¥0.065 in 2Q 2023).
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SHSE:603060 Earnings and Revenue Growth August 30th 2024

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

China Testing & Certification International GroupLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 44%. Earnings per share (EPS) also missed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Professional Services industry in China.

Performance of the Chinese Professional Services industry.

The company's shares are up 29% from a week ago.

Risk Analysis

Be aware that China Testing & Certification International GroupLtd is showing 2 warning signs in our investment analysis that you should know about...