Stock Analysis
- China
- /
- Construction
- /
- SHSE:600502
Anhui Construction Engineering Group Second Quarter 2024 Earnings: EPS: CN¥0.18 (vs CN¥0.18 in 2Q 2023)
Anhui Construction Engineering Group (SHSE:600502) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥19.9b (down 6.5% from 2Q 2023).
- Net income: CN¥302.7m (down 1.7% from 2Q 2023).
- Profit margin: 1.5% (up from 1.4% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.18 (in line with 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Anhui Construction Engineering Group Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Construction industry in China.
Performance of the Chinese Construction industry.
The company's shares are up 2.9% 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 Anhui Construction Engineering Group (at least 1 which is a bit concerning), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SHSE:600502
Anhui Construction Engineering Group
Anhui Construction Engineering Group Co., Ltd.