Power Construction Corporation of China Second Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.21 in 2Q 2023)

Simply Wall St · 08/30 22:16

Power Construction Corporation of China (SHSE:601669) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥145.2b (down 1.9% from 2Q 2023).
  • Net income: CN¥3.29b (down 12% from 2Q 2023).
  • Profit margin: 2.3% (down from 2.5% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.17 (down from CN¥0.21 in 2Q 2023).
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SHSE:601669 Earnings and Revenue Growth August 30th 2024

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

Power Construction Corporation of China Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

The company's shares are down 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Power Construction Corporation of China (of which 1 is concerning!) you should know about.