Shan Xi Hua Yang Group New EnergyLtd Second Quarter 2024 Earnings: EPS: CN¥0.11 (vs CN¥0.34 in 2Q 2023)

Simply Wall St · 09/01 02:02

Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥6.04b (down 14% from 2Q 2023).
  • Net income: CN¥365.1m (down 67% from 2Q 2023).
  • Profit margin: 6.0% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.11 (down from CN¥0.34 in 2Q 2023).
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SHSE:600348 Earnings and Revenue Growth September 1st 2024

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

Shan Xi Hua Yang Group New EnergyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China.

Performance of the Chinese Oil and Gas industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Shan Xi Hua Yang Group New EnergyLtd that you should be aware of before investing here.