CCCC Design & Consulting Group Second Quarter 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.29 in 2Q 2023)

Simply Wall St · 08/30 23:58

CCCC Design & Consulting Group (SHSE:600720) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.81b (up 11% from 2Q 2023).
  • Net income: CN¥535.2m (up 136% from 2Q 2023).
  • Profit margin: 19% (up from 9.0% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
  • EPS: CN¥0.26.
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SHSE:600720 Earnings and Revenue Growth August 30th 2024

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

CCCC Design & Consulting Group Earnings Insights

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Basic Materials industry in China.

Performance of the Chinese Basic Materials industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Be aware that CCCC Design & Consulting Group is showing 3 warning signs in our investment analysis and 2 of those make us uncomfortable...