Fangda Special Steel Technology Second Quarter 2024 Earnings: EPS: CN¥0.029 (vs CN¥0.081 in 2Q 2023)

Simply Wall St · 08/30 22:43

Fangda Special Steel Technology (SHSE:600507) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥6.88b (down 25% from 2Q 2023).
  • Net income: CN¥69.4m (down 61% from 2Q 2023).
  • Profit margin: 1.0% (down from 1.9% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.029 (down from CN¥0.081 in 2Q 2023).
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SHSE:600507 Earnings and Revenue Growth August 30th 2024

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

Fangda Special Steel Technology Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% 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 down 1.1% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Fangda Special Steel Technology.