China Southern Power Grid TechnologyLtd Second Quarter 2024 Earnings: EPS: CN¥0.28 (vs CN¥0.17 in 2Q 2023)

Simply Wall St · 09/01 01:55

China Southern Power Grid TechnologyLtd (SHSE:688248) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.05b (up 32% from 2Q 2023).
  • Net income: CN¥142.5m (up 67% from 2Q 2023).
  • Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.28 (up from CN¥0.17 in 2Q 2023).
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SHSE:688248 Earnings and Revenue Growth September 1st 2024

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

China Southern Power Grid TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 38% 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 8.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on China Southern Power Grid TechnologyLtd's balance sheet.