Jiangsu Expressway Second Quarter 2024 Earnings: EPS: CN¥0.30 (vs CN¥0.25 in 2Q 2023)

Jiangsu Expressway (HKG:177) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.49b (up 85% from 2Q 2023).
• Net income: CN¥1.50b (up 20% from 2Q 2023).
• Profit margin: 23% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.30 (up from CN¥0.25 in 2Q 2023).

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

Jiangsu Expressway Earnings Insights

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to grow by 3.7%.

Performance of the Hong Kong Infrastructure industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Jiangsu Expressway that you should be aware of before investing here.

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