GreenTech Environmental First Quarter 2024 Earnings: EPS: CN¥0.07 (vs CN¥0.058 in 1Q 2023)

GreenTech Environmental (SHSE:688466) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥110.4m (up 26% from 1Q 2023).
• Net income: CN¥8.68m (up 16% from 1Q 2023).
• Profit margin: 7.9% (down from 8.5% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.07 (up from CN¥0.058 in 1Q 2023).

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

GreenTech Environmental Earnings Insights

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Water Utilities industry in China.

Performance of the Chinese Water Utilities industry.

The company's shares are up 5.8% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with GreenTech Environmental.

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