Hangzhou Oxygen Plant GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.23 (vs CN¥0.25 in 2Q 2023)

Hangzhou Oxygen Plant GroupLtd (SZSE:002430) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.42b (up 8.5% from 2Q 2023).
• Net income: CN¥233.2m (down 6.3% from 2Q 2023).
• Profit margin: 6.8% (down from 7.9% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.23 (down from CN¥0.25 in 2Q 2023).

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

Hangzhou Oxygen Plant GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

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

Valuation

Our analysis of Hangzhou Oxygen Plant GroupLtd based on 6 different valuation metrics shows it might be undervalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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