Stock Analysis

China Conch Environment Protection Holdings First Half 2024 Earnings: EPS: CN¥0.045 (vs CN¥0.11 in 1H 2023)

SEHK:587
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China Conch Environment Protection Holdings (HKG:587) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥804.0m (down 17% from 1H 2023).
  • Net income: CN¥82.1m (down 59% from 1H 2023).
  • Profit margin: 10% (down from 21% in 1H 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.045 (down from CN¥0.11 in 1H 2023).
earnings-and-revenue-history
SEHK:587 Earnings and Revenue History October 1st 2024

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

China Conch Environment Protection Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Commercial Services industry in Hong Kong.

Performance of the Hong Kong Commercial Services industry.

The company's shares are up 29% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for China Conch Environment Protection Holdings (2 make us uncomfortable!) that we have uncovered.

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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.