Shanghai Chengtou HoldingLtd Third Quarter 2024 Earnings: CN¥0.054 loss per share (vs CN¥0.004 profit in 3Q 2023)

Simply Wall St

October 31, 2024

Shanghai Chengtou HoldingLtd (SHSE:600649) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥263.0m (down 39% from 3Q 2023).
Net loss: CN¥114.4m (down from CN¥10.2m profit in 3Q 2023).
CN¥0.054 loss per share (down from CN¥0.004 profit in 3Q 2023).

earnings-and-revenue-growth — SHSE:600649 Earnings and Revenue Growth October 31st 2024

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

Shanghai Chengtou HoldingLtd Earnings Insights

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Real Estate industry in China.

Performance of the Chinese Real Estate industry.

The company's shares are up 14% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Shanghai Chengtou HoldingLtd that 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.