Stock Analysis

China Coal Energy Second Quarter 2024 Earnings: Misses Expectations

SEHK:1898
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China Coal Energy (HKG:1898) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥47.6b (down 5.2% from 2Q 2023).
  • Net income: CN¥5.73b (up 22% from 2Q 2023).
  • Profit margin: 12% (up from 9.3% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.43 (up from CN¥0.35 in 2Q 2023).
earnings-and-revenue-growth
SEHK:1898 Earnings and Revenue Growth August 25th 2024

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

China Coal Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 4.7%.

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 share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that China Coal Energy is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

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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.