Beijing Urban Construction Investment & Development Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 00:18

Beijing Urban Construction Investment & Development (SHSE:600266) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥5.29b (down 37% from 2Q 2023).
  • Net income: CN¥240.8m (down 34% from 2Q 2023).
  • Profit margin: 4.6% (up from 4.3% in 2Q 2023).
  • EPS: CN¥0.68.
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SHSE:600266 Earnings and Revenue Growth September 1st 2024

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

Beijing Urban Construction Investment & Development Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 41%. Earnings per share (EPS) also missed analyst estimates by 76%.

Looking ahead, revenue is forecast to grow 17% 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 shares are up 2.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Beijing Urban Construction Investment & Development that you should be aware of.