Fushun Special SteelLTD Second Quarter 2024 Earnings: EPS: CN¥0.058 (vs CN¥0.05 in 2Q 2023)

Fushun Special SteelLTD (SHSE:600399) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.21b (flat on 2Q 2023).
• Net income: CN¥113.4m (up 17% from 2Q 2023).
• Profit margin: 5.1% (up from 4.4% in 2Q 2023).
• EPS: CN¥0.058 (up from CN¥0.05 in 2Q 2023).

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

Fushun Special SteelLTD Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 5.7% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Fushun Special SteelLTD, and understanding this should be part of your investment process.

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