Shanghai International Port (Group) (SHSE:600018) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥10.9b (up 29% from 2Q 2023).
- Net income: CN¥4.72b (up 25% from 2Q 2023).
- Profit margin: 43% (down from 45% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.20 (up from CN¥0.16 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai International Port (Group) Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 33%.
Looking ahead, revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in China are expected to grow by 4.7%.
Performance of the Chinese Infrastructure industry.
The company’s shares are down 6.8% from a week…
