China Railway Construction Second Quarter 2024 Earnings: EPS: CN¥0.39 (vs CN¥0.54 in 2Q 2023)

Simply Wall St · 6d ago

China Railway Construction (SHSE:601186) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥241.2b (down 9.8% from 2Q 2023).
  • Net income: CN¥5.88b (down 9.4% from 2Q 2023).
  • Profit margin: 2.4% (in line with 2Q 2023).
  • EPS: CN¥0.39 (down from CN¥0.54 in 2Q 2023).
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SHSE:601186 Earnings and Revenue Growth September 1st 2024

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

China Railway Construction Earnings Insights

Looking ahead, revenue is forecast to grow 6.3% 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 shares are down 5.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for China Railway Construction (1 is a bit unpleasant!) that you need to be mindful of.