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

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).

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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