Stock Analysis
China Railway Construction Heavy Industry First Quarter 2024 Earnings: EPS: CN¥0.07 (vs CN¥0.08 in 1Q 2023)
China Railway Construction Heavy Industry (SHSE:688425) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.40b (up 1.3% from 1Q 2023).
- Net income: CN¥368.7m (down 11% from 1Q 2023).
- Profit margin: 15% (down from 18% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.07 (down from CN¥0.08 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Railway Construction Heavy Industry Earnings Insights
Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China.
Performance of the Chinese Machinery industry.
The company's shares are up 2.3% from a week ago.
Risk Analysis
You still need to take note of risks, for example - China Railway Construction Heavy Industry has 1 warning sign we think you should be aware of.
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About SHSE:688425
China Railway Construction Heavy Industry
Engages in the research, design, manufacturing, and servicing of underground engineering and rail transit equipment in China and internationally.
Excellent balance sheet and fair value.