Guangdong Provincial Expressway Development Second Quarter 2024 Earnings: EPS: CN¥0.21 (vs CN¥0.22 in 2Q 2023)

Simply Wall St · 08/31 00:13

Guangdong Provincial Expressway Development (SZSE:000429) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.11b (down 6.7% from 2Q 2023).
  • Net income: CN¥434.8m (down 8.6% from 2Q 2023).
  • Profit margin: 39% (in line with 2Q 2023).
  • EPS: CN¥0.21 (down from CN¥0.22 in 2Q 2023).
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SZSE:000429 Earnings and Revenue Growth August 31st 2024

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

Guangdong Provincial Expressway Development Earnings Insights

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Infrastructure industry in China.

Performance of the Chinese Infrastructure industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

Be aware that Guangdong Provincial Expressway Development is showing 1 warning sign in our investment analysis that you should know about...