Hunan Valin Steel Second Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.27 in 2Q 2023)

Simply Wall St · 08/31 00:05

Hunan Valin Steel (SZSE:000932) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥38.9b (down 1.9% from 2Q 2023).
  • Net income: CN¥939.8m (down 50% from 2Q 2023).
  • Profit margin: 2.4% (down from 4.7% in 2Q 2023).
  • EPS: CN¥0.14 (down from CN¥0.27 in 2Q 2023).
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SZSE:000932 Earnings and Revenue Growth August 31st 2024

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

Hunan Valin Steel Earnings Insights

Looking ahead, revenue is forecast to grow 2.8% 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 share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Hunan Valin Steel that you need to be mindful of.