China Shenhua Energy First Quarter 2024 Earnings: EPS: CN¥0.89 (vs CN¥1.04 in 1Q 2023)

China Shenhua Energy (HKG:1088) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥87.6b (flat on 1Q 2023).
• Net income: CN¥17.8b (down 14% from 1Q 2023).
• Profit margin: 20% (down from 24% in 1Q 2023).
• EPS: CN¥0.89 (down from CN¥1.04 in 1Q 2023).

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

China Shenhua Energy Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Hong Kong.

Performance of the Hong Kong Oil and Gas industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for China Shenhua Energy you should know about.

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