Stock Analysis
- Hong Kong
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- Metals and Mining
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- SEHK:1818
Zhaojin Mining Industry Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Zhaojin Mining Industry (HKG:1818) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.65b (up 55% from 2Q 2023).
- Net income: CN¥191.0m (up 401% from 2Q 2023).
- Profit margin: 7.2% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.055 (up from CN¥0.012 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhaojin Mining Industry Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Metals and Mining industry in Hong Kong.
Performance of the Hong Kong Metals and Mining industry.
The company's shares are up 2.5% from a week ago.
Risk Analysis
Be aware that Zhaojin Mining Industry is showing 3 warning signs in our investment analysis and 1 of those is significant...
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About SEHK:1818
Zhaojin Mining Industry
An investment holding company, engages in exploration, mining, processing, smelting, and sale of gold and silver products in the People’s Republic of China.