Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd Second Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.17 in 2Q 2023)

Simply Wall St · 09/01 02:03

Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd (SHSE:600425) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.57b (up 2.8% from 2Q 2023).
  • Net income: CN¥229.2m (down 12% from 2Q 2023).
  • Profit margin: 15% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.14 (down from CN¥0.17 in 2Q 2023).
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SHSE:600425 Earnings and Revenue Growth September 1st 2024

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

Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Basic Materials industry in China.

Performance of the Chinese Basic Materials industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd.