China Risun Group First Half 2024 Earnings: EPS: CN¥0.025 (vs CN¥0.16 in 1H 2023)

China Risun Group (HKG:1907) First Half 2024 Results

Key Financial Results

• Revenue: CN¥25.2b (up 21% from 1H 2023).
• Net income: CN¥111.9m (down 84% from 1H 2023).
• Profit margin: 0.4% (down from 3.4% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.025 (down from CN¥0.16 in 1H 2023).

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

China Risun Group Earnings Insights

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Chemicals industry in Hong Kong.

Performance of the Hong Kong Chemicals industry.

The company's shares are up 5.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for China Risun Group you should be aware of, and 1 of them can't be ignored.

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