Tongling Nonferrous Metals GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.083 (vs CN¥0.074 in 2Q 2023)

Tongling Nonferrous Metals GroupLtd (SZSE:000630) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥38.8b (up 13% from 2Q 2023).
• Net income: CN¥1.08b (up 40% from 2Q 2023).
• Profit margin: 2.8% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.083 (up from CN¥0.074 in 2Q 2023).

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

Tongling Nonferrous Metals GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 10.0% 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 share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Tongling Nonferrous Metals GroupLtd that you should be aware of.

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