Guangdong Great River Smarter Logistics Second Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.20 in 2Q 2023)

Simply Wall St · 09/01 00:53

Guangdong Great River Smarter Logistics (SZSE:002930) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥356.3m (down 10% from 2Q 2023).
  • Net income: CN¥72.6m (down 20% from 2Q 2023).
  • Profit margin: 20% (down from 23% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.16 (down from CN¥0.20 in 2Q 2023).
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SZSE:002930 Earnings and Revenue Growth September 1st 2024

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

Guangdong Great River Smarter Logistics Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in China.

Performance of the Chinese Infrastructure industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Guangdong Great River Smarter Logistics (1 is significant!) that you should be aware of.