Chongqing Water GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.05 (vs CN¥0.09 in 2Q 2023)

Simply Wall St · 09/01 02:28

Chongqing Water GroupLtd (SHSE:601158) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.76b (down 13% from 2Q 2023).
  • Net income: CN¥232.2m (down 46% from 2Q 2023).
  • Profit margin: 13% (down from 21% in 2Q 2023).
  • EPS: CN¥0.05 (down from CN¥0.09 in 2Q 2023).
earnings-and-revenue-growth
SHSE:601158 Earnings and Revenue Growth September 1st 2024

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

Chongqing Water GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Water Utilities industry in China.

Performance of the Chinese Water Utilities industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Chongqing Water GroupLtd (2 are a bit unpleasant!) that you should be aware of before investing here.