Suzhou Institute of Building Science GroupLtd First Quarter 2024 Earnings: EPS: CN¥0.01 (vs CN¥0.01 in 1Q 2023)

Suzhou Institute of Building Science GroupLtd (SHSE:603183) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥176.5m (up 7.5% from 1Q 2023).
• Net income: CN¥3.40m (down 36% from 1Q 2023).
• Profit margin: 1.9% (down from 3.2% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.01 (in line with 1Q 2023).

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

Suzhou Institute of Building Science GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Suzhou Institute of Building Science GroupLtd you should know about.

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