China Merchants Shekou Industrial Zone Holdings Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

China Merchants Shekou Industrial Zone Holdings (SZSE:001979) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥26.7b (up 9.6% from 3Q 2023).
• Net income: CN¥1.62b (flat on 3Q 2023).
• Profit margin: 6.0% (down from 6.6% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.092 (down from CN¥0.17 in 3Q 2023).

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

China Merchants Shekou Industrial Zone Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 31%. Earnings per share (EPS) exceeded analyst estimates by 104%.

Looking ahead, revenue is forecast to stay flat 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 3.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for China Merchants Shekou Industrial Zone Holdings you should be aware of, and 1 of them is significant.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.