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Qingdao Huicheng Environmental Technology Group Second Quarter 2024 Earnings: EPS: CN¥0.073 (vs CN¥0.33 in 2Q 2023)
Qingdao Huicheng Environmental Technology Group (SZSE:300779) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥296.4m (up 12% from 2Q 2023).
- Net income: CN¥14.4m (down 71% from 2Q 2023).
- Profit margin: 4.9% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.073 (down from CN¥0.33 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Qingdao Huicheng Environmental Technology Group Earnings Insights
Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 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 4.8% from a week ago.
Risk Analysis
We should say that we've discovered 4 warning signs for Qingdao Huicheng Environmental Technology Group (2 don't sit too well with us!) that you should be aware of before investing here.
Valuation is complex, but we're here to simplify it.
Discover if Qingdao Huicheng Environmental Technology Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SZSE:300779
Qingdao Huicheng Environmental Technology Group
Qingdao Huicheng Environmental Technology Group Co., Ltd.
Exceptional growth potential slight.