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.

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