Hangzhou Binjiang Real Estate GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.15 (vs CN¥0.35 in 2Q 2023)

Simply Wall St · 09/01 01:38

Hangzhou Binjiang Real Estate GroupLtd (SZSE:002244) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥10.5b (down 38% from 2Q 2023).
  • Net income: CN¥364.2m (down 66% from 2Q 2023).
  • Profit margin: 3.5% (down from 6.4% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.15 (down from CN¥0.35 in 2Q 2023).
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SZSE:002244 Earnings and Revenue Growth September 1st 2024

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

Hangzhou Binjiang Real Estate GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Real Estate industry in China.

Performance of the Chinese Real Estate industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Hangzhou Binjiang Real Estate GroupLtd you should be aware of.