Shaanxi Construction Engineering Group Second Quarter 2024 Earnings: EPS: CN¥0.27 (vs CN¥0.36 in 2Q 2023)

Simply Wall St · 09/01 02:30

Shaanxi Construction Engineering Group (SHSE:600248) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥39.2b (down 20% from 2Q 2023).
  • Net income: CN¥1.03b (down 22% from 2Q 2023).
  • Profit margin: 2.6% (down from 2.7% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.27 (down from CN¥0.36 in 2Q 2023).
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SHSE:600248 Earnings and Revenue Growth September 1st 2024

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

Shaanxi Construction Engineering Group Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Shaanxi Construction Engineering Group (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.