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Beijing Shougang Second Quarter 2024 Earnings: EPS: CN¥0.055 (vs CN¥0.065 in 2Q 2023)
Beijing Shougang (SZSE:000959) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥27.1b (down 5.3% from 2Q 2023).
- Net income: CN¥419.1m (down 11% from 2Q 2023).
- Profit margin: 1.5% (down from 1.6% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.055 (down from CN¥0.065 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Beijing Shougang Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.4% growth forecast for the Metals and Mining industry in China.
Performance of the Chinese Metals and Mining industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Beijing Shougang (1 is a bit unpleasant) you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Beijing Shougang 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SZSE:000959
Beijing Shougang
Manufactures and sells steel and by-products in Mainland China and Hong Kong.
Moderate growth potential second-rate dividend payer.