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- SHSE:601200
Shanghai Environment Group Full Year 2024 Earnings: Revenues Disappoint
Shanghai Environment Group (SHSE:601200) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥6.26b (down 1.9% from FY 2023).
- Net income: CN¥575.4m (up 5.3% from FY 2023).
- Profit margin: 9.2% (up from 8.6% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.43 (up from CN¥0.41 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Environment Group Revenues Disappoint
Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 19% growth forecast for the Commercial Services industry in China.
Performance of the Chinese Commercial Services industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
Be aware that Shanghai Environment Group is showing 1 warning sign in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SHSE:601200
Shanghai Environment Group
Provides municipal solid waste disposal and transfer services in Shanghai.
Proven track record second-rate dividend payer.
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