Shenzhen Ridge Engineering Consulting Second Quarter 2024 Earnings: EPS: CN¥0.051 (vs CN¥0.13 in 2Q 2023)

Simply Wall St · 08/31 00:03

Shenzhen Ridge Engineering Consulting (SZSE:300977) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥131.8m (down 3.7% from 2Q 2023).
  • Net income: CN¥7.43m (down 64% from 2Q 2023).
  • Profit margin: 5.6% (down from 15% in 2Q 2023).
  • EPS: CN¥0.051 (down from CN¥0.13 in 2Q 2023).
earnings-and-revenue-growth
SZSE:300977 Earnings and Revenue Growth August 31st 2024

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

Shenzhen Ridge Engineering Consulting Earnings Insights

Looking ahead, revenue is forecast to grow 17% 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 up 14% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Shenzhen Ridge Engineering Consulting (at least 2 which shouldn't be ignored), and understanding them should be part of your investment process.