- China
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- Marine and Shipping
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- SHSE:603565
Shanghai Zhonggu Logistics Second Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.13 in 2Q 2023)
Shanghai Zhonggu Logistics (SHSE:603565) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.95b (down 4.9% from 2Q 2023).
- Net income: CN¥368.2m (up 32% from 2Q 2023).
- Profit margin: 13% (up from 9.0% in 2Q 2023).
- EPS: CN¥0.17 (up from CN¥0.13 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Zhonggu Logistics Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Shipping industry in China.
Performance of the Chinese Shipping industry.
The company's shares are down 4.6% from a week ago.
Valuation
If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Shanghai Zhonggu Logistics could be a good place to look. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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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 SHSE:603565
Shanghai Zhonggu Logistics
Provides container shipping services in China.
Undervalued with excellent balance sheet.