Shanghai Construction Group Second Quarter 2024 Earnings: EPS: CN¥0.041 (vs CN¥0.053 in 2Q 2023)

Simply Wall St · 08/30 22:24

Shanghai Construction Group (SHSE:600170) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥71.2b (down 8.9% from 2Q 2023).
  • Net income: CN¥536.0m (up 7.3% from 2Q 2023).
  • Profit margin: 0.8% (up from 0.6% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.041.
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SHSE:600170 Earnings and Revenue Growth August 30th 2024

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

Shanghai Construction Group Earnings Insights

Looking ahead, revenue is forecast to grow 7.1% 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 3.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Shanghai Construction Group that you should be aware of.