Anhui Expressway Second Quarter 2024 Earnings: EPS: CN¥0.21 (vs CN¥0.23 in 2Q 2023)

Anhui Expressway (HKG:995) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.77b (up 50% from 2Q 2023).
• Net income: CN¥350.2m (down 7.9% from 2Q 2023).
• Profit margin: 20% (down from 32% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.21 (down from CN¥0.23 in 2Q 2023).

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

Anhui Expressway Earnings Insights

Looking ahead, revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to grow by 2.3%.

Performance of the Hong Kong Infrastructure industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Anhui Expressway that we have uncovered.

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