China Railway Construction Heavy Industry Second Quarter 2024 Earnings: EPS: CN¥0.07 (vs CN¥0.11 in 2Q 2023)

Simply Wall St · 09/01 00:11

China Railway Construction Heavy Industry (SHSE:688425) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.41b (down 25% from 2Q 2023).
  • Net income: CN¥354.2m (down 42% from 2Q 2023).
  • Profit margin: 15% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.07 (down from CN¥0.11 in 2Q 2023).
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SHSE:688425 Earnings and Revenue Growth September 1st 2024

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

China Railway Construction Heavy Industry Earnings Insights

Looking ahead, revenue is forecast to grow 13% 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 share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with China Railway Construction Heavy Industry, and understanding it should be part of your investment process.