East China Engineering Science and Technology Second Quarter 2024 Earnings: EPS: CN¥0.12 (vs CN¥0.19 in 2Q 2023)

Simply Wall St · 09/01 01:51

East China Engineering Science and Technology (SZSE:002140) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.55b (down 2.9% from 2Q 2023).
  • Net income: CN¥87.8m (down 33% from 2Q 2023).
  • Profit margin: 3.4% (down from 5.0% in 2Q 2023).
  • EPS: CN¥0.12 (down from CN¥0.19 in 2Q 2023).
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SZSE:002140 Earnings and Revenue Growth September 1st 2024

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

East China Engineering Science and Technology Earnings Insights

Looking ahead, revenue is forecast to grow 11% 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 up 3.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for East China Engineering Science and Technology you should be aware of.