Shenzhen Overseas Chinese TownLtd Second Quarter 2024 Earnings: CN¥0.10 loss per share (vs CN¥0.13 loss in 2Q 2023)

Simply Wall St · 09/01 00:55

Shenzhen Overseas Chinese TownLtd (SZSE:000069) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥14.3b (up 14% from 2Q 2023).
  • Net loss: CN¥704.2m (loss narrowed by 30% from 2Q 2023).
  • CN¥0.10 loss per share (improved from CN¥0.13 loss in 2Q 2023).
earnings-and-revenue-history
SZSE:000069 Earnings and Revenue History September 1st 2024

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

Shenzhen Overseas Chinese TownLtd Earnings Insights

Looking ahead, revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 3.9%.

Performance of the Chinese Real Estate industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Shenzhen Overseas Chinese TownLtd that you should be aware of before investing here.