Shenzhen Gas Second Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.14 in 2Q 2023)

Shenzhen Gas (SHSE:601139) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.92b (down 9.5% from 2Q 2023).
• Net income: CN¥427.4m (up 9.2% from 2Q 2023).
• Profit margin: 6.2% (up from 5.1% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.16 (up from CN¥0.14 in 2Q 2023).

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

Shenzhen Gas Earnings Insights

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Gas Utilities industry in China.

Performance of the Chinese Gas Utilities industry.

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

Risk Analysis

You still need to take note of risks, for example - Shenzhen Gas has 2 warning signs (and 1 which is significant) we think you should know about.

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