Zhejiang Communications Technology Second Quarter 2024 Earnings: EPS: CN¥0.13 (vs CN¥0.12 in 2Q 2023)

Zhejiang Communications Technology (SZSE:002061) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥10.7b (down 3.9% from 2Q 2023).
• Net income: CN¥325.9m (flat on 2Q 2023).
• Profit margin: 3.0% (in line with 2Q 2023).
• EPS: CN¥0.13.

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

Zhejiang Communications Technology Earnings Insights

Looking ahead, revenue is forecast to grow 24% 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 share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Zhejiang Communications Technology, and understanding this should be part of your investment process.

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