China International Marine Containers (Group) Second Quarter 2024 Earnings: In Line With Expectations

Simply Wall St · 08/31 01:16

China International Marine Containers (Group) (SZSE:000039) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥46.7b (up 38% from 2Q 2023).
  • Net income: CN¥734.6m (up 286% from 2Q 2023).
  • Profit margin: 1.6% (up from 0.6% in 2Q 2023).
  • EPS: CN¥0.19 (up from CN¥0.051 in 2Q 2023).
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SZSE:000039 Earnings and Revenue Growth August 31st 2024

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

China International Marine Containers (Group) Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for China International Marine Containers (Group) you should know about.