Shanghai Pudong ConstructionLtd (SHSE:600284) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥4.27b (down 25% from 3Q 2023).
- Net income: CN¥201.3m (flat on 3Q 2023).
- Profit margin: 4.7% (up from 3.5% in 3Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.21 (in line with 3Q 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 15% 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 4.6% 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!) that you…
