Stock Analysis
GEM (SZSE:002340) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥8.98b (up 32% from 2Q 2023).
- Net income: CN¥245.4m (up 1.9% from 2Q 2023).
- Profit margin: 2.7% (down from 3.5% in 2Q 2023).
- EPS: CN¥0.05.
All figures shown in the chart above are for the trailing 12 month (TTM) period
GEM Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Metals and Mining industry in China.
Performance of the Chinese Metals and Mining industry.
The company's shares are up 5.5% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for GEM (2 are concerning) you should be aware of.
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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:002340
GEM
Operates in the recycling industry in China and internationally.