China Coal Energy Second Quarter 2024 Earnings: Misses Expectations

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).

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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