Sinotruk (Hong Kong) First Half 2024 Earnings: EPS: CN¥1.20 (vs CN¥0.86 in 1H 2023)

Sinotruk (Hong Kong) (HKG:3808) First Half 2024 Results

Key Financial Results

• Revenue: CN¥48.8b (up 18% from 1H 2023).
• Net income: CN¥3.29b (up 39% from 1H 2023).
• Profit margin: 6.7% (up from 5.7% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥1.20 (up from CN¥0.86 in 1H 2023).

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

Sinotruk (Hong Kong) Earnings Insights

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong.

Performance of the Hong Kong Machinery industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Sinotruk (Hong Kong) you should be aware of.

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