Shanxi Lanhua Sci-Tech VentureLtd Second Quarter 2024 Earnings: EPS: CN¥0.28 (vs CN¥0.40 in 2Q 2023)

Simply Wall St · 09/01 01:02

Shanxi Lanhua Sci-Tech VentureLtd (SHSE:600123) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.21b (down 6.9% from 2Q 2023).
  • Net income: CN¥416.7m (down 29% from 2Q 2023).
  • Profit margin: 13% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.28 (down from CN¥0.40 in 2Q 2023).
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SHSE:600123 Earnings and Revenue Growth September 1st 2024

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

Shanxi Lanhua Sci-Tech VentureLtd Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China.

Performance of the Chinese Oil and Gas industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Shanxi Lanhua Sci-Tech VentureLtd you should be aware of.