China Petroleum Engineering Third Quarter 2024 Earnings: EPS: CN¥0.019 (vs CN¥0.039 in 3Q 2023)

China Petroleum Engineering (SHSE:600339) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥18.8b (up 3.9% from 3Q 2023).
• Net income: CN¥104.8m (down 52% from 3Q 2023).
• Profit margin: 0.6% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.019 (down from CN¥0.039 in 3Q 2023).

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

China Petroleum Engineering Earnings Insights

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China.

Performance of the Chinese Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for China Petroleum Engineering that you should be aware of.

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