Shanghai Geoharbour Construction Group Second Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.31 in 2Q 2023)

Simply Wall St · 09/01 00:55

Shanghai Geoharbour Construction Group (SHSE:605598) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥342.8m (down 5.9% from 2Q 2023).
  • Net income: CN¥43.7m (down 44% from 2Q 2023).
  • Profit margin: 13% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by lower revenue.
  • EPS: CN¥0.19 (down from CN¥0.31 in 2Q 2023).
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SHSE:605598 Earnings and Revenue Growth September 1st 2024

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

Shanghai Geoharbour Construction Group Earnings Insights

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

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

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Shanghai Geoharbour Construction Group (1 can't be ignored!) that you should be aware of.