Shanghai CEO Environmental Protection Technology Second Quarter 2024 Earnings: CN¥0.066 loss per share (vs CN¥0.11 profit in 2Q 2023)

Shanghai CEO Environmental Protection Technology (SHSE:688335) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥48.4m (down 62% from 2Q 2023).
• Net loss: CN¥12.6m (down by 177% from CN¥16.4m profit in 2Q 2023).
• CN¥0.066 loss per share (down from CN¥0.11 profit in 2Q 2023).

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

Shanghai CEO Environmental Protection Technology Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

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

Risk Analysis

You should learn about the 2 warning signs we've spotted with Shanghai CEO Environmental Protection Technology.

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