TangShan Port GroupLtd Third Quarter 2024 Earnings: EPS: CN¥0.04 (vs CN¥0.099 in 3Q 2023)

TangShan Port GroupLtd (SHSE:601000) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.30b (down 14% from 3Q 2023).
• Net income: CN¥477.4m (down 18% from 3Q 2023).
• Profit margin: 37% (down from 38% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.04 (down from CN¥0.099 in 3Q 2023).

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

TangShan Port GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Infrastructure industry in China.

Performance of the Chinese Infrastructure industry.

The company's shares are down 8.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for TangShan Port GroupLtd that you need to take into consideration.

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