Hongcheng Environmental Technology First Half 2024 Earnings: EPS: CN¥0.02 (vs CN¥0.011 in 1H 2023)

Hongcheng Environmental Technology (HKG:2265) First Half 2024 Results

Key Financial Results

• Revenue: CN¥105.1m (up 114% from 1H 2023).
• Net income: CN¥20.4m (up 94% from 1H 2023).
• Profit margin: 20% (down from 21% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.02 (up from CN¥0.011 in 1H 2023).

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

Hongcheng Environmental Technology shares are up 2.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Hongcheng Environmental Technology you should be aware of, and 1 of them is potentially serious.

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