Qingdao Hanhe CableLtd Second Quarter 2024 Earnings: EPS: CN¥0.054 (vs CN¥0.076 in 2Q 2023)

Qingdao Hanhe CableLtd (SZSE:002498) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.55b (down 8.2% from 2Q 2023).
• Net income: CN¥181.2m (down 27% from 2Q 2023).
• Profit margin: 7.1% (down from 9.0% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.054 (down from CN¥0.076 in 2Q 2023).

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

Qingdao Hanhe CableLtd Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Qingdao Hanhe CableLtd.

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