AVIC Shenyang Aircraft Second Quarter 2024 Earnings: EPS: CN¥0.33 (vs CN¥0.30 in 2Q 2023)

Simply Wall St · 08/30 22:50

AVIC Shenyang Aircraft (SHSE:600760) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥12.1b (down 13% from 2Q 2023).
  • Net income: CN¥902.2m (up 6.0% from 2Q 2023).
  • Profit margin: 7.4% (up from 6.1% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.33 (up from CN¥0.30 in 2Q 2023).
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SHSE:600760 Earnings and Revenue Growth August 30th 2024

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

AVIC Shenyang Aircraft Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for AVIC Shenyang Aircraft (1 is a bit concerning!) that we have uncovered.