COSCO SHIPPING Specialized CarriersLtd Second Quarter 2024 Earnings: EPS: CN¥0.18 (vs CN¥0.12 in 2Q 2023)

Simply Wall St · 09/01 00:22

COSCO SHIPPING Specialized CarriersLtd (SHSE:600428) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥4.05b (up 40% from 2Q 2023).
  • Net income: CN¥389.4m (up 53% from 2Q 2023).
  • Profit margin: 9.6% (in line with 2Q 2023).
  • EPS: CN¥0.18 (up from CN¥0.12 in 2Q 2023).
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SHSE:600428 Earnings and Revenue Growth September 1st 2024

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

COSCO SHIPPING Specialized CarriersLtd Earnings Insights

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Shipping industry in China.

Performance of the Chinese Shipping industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for COSCO SHIPPING Specialized CarriersLtd that you need to be mindful of.