Shanghai Chengtou HoldingLtd Second Quarter 2024 Earnings: CN¥0.039 loss per share (vs CN¥0.12 profit in 2Q 2023)

Simply Wall St · 09/01 00:07

Shanghai Chengtou HoldingLtd (SHSE:600649) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥231.8m (down 50% from 2Q 2023).
  • Net loss: CN¥96.6m (down by 143% from CN¥226.0m profit in 2Q 2023).
  • CN¥0.039 loss per share (down from CN¥0.12 profit in 2Q 2023).
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SHSE:600649 Earnings and Revenue Growth September 1st 2024

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

Shanghai Chengtou HoldingLtd Earnings Insights

Looking ahead, revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Real Estate industry in China.

Performance of the Chinese Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Shanghai Chengtou HoldingLtd that you should be aware of before investing here.