China Railway Construction Full Year 2024 Earnings: Misses Expectations

China Railway Construction (SHSE:601186) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.07t (down 6.2% from FY 2023).
• Net income: CN¥22.2b (down 5.7% from FY 2023).
• Profit margin: 2.1% (in line with FY 2023).
• EPS: CN¥1.46 (down from CN¥1.73 in FY 2023).

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

China Railway Construction Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.4% 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

Be aware that China Railway Construction is showing 2 warning signs in our investment analysis and 1 of those is concerning...

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