Shanghai Pudong ConstructionLtd (SHSE:600284) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥6.01b (up 53% from 1Q 2023).
- Net income: CN¥146.4m (up 23% from 1Q 2023).
- Profit margin: 2.4% (down from 3.0% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.15 (up from CN¥0.12 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Pudong ConstructionLtd Earnings Insights
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China.
Performance of the Chinese Construction industry.
The company’s shares are up 5.2% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 2 warning signs for Shanghai Pudong ConstructionLtd (1 is potentially serious!)…
