China Coal Energy Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St.08-25

China Coal Energy (HKG:1898) Second Quarter 2024 ResultsKey Financial Results Revenue: CN¥47.6b (down 5.2% from 2Q 2023). Net income: CN¥5.73b (up 22% from 2Q 2023). Profit margin: 12% (up from 9.3% ...

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Net income: CN¥5.73b (up 22% from 2Q 2023). Profit margin: 12% (up from 9.3% ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/energy/hkg-1898/china-coal-energy-shares/news/china-coal-energy-second-quarter-2024-earnings-misses-expect\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01898","symbol_name":"中煤能源","start_time":0,"source_url":"https://simplywall.st/stocks/hk/energy/hkg-1898/china-coal-energy-shares/news/china-coal-energy-second-quarter-2024-earnings-misses-expect","article_id":"2462643269","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2052001-choice1-main-header/1585186931882"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2462643269","pubTimestamp":1724552791,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"China Coal Energy ( HKG:1898 ) Second Quarter 2024 Results Key Financial Results Revenue: CN¥47.6b (down 5.2% from 2Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"01898":"中煤能源","BK4099":"汽车制造商","BK1178":"煤与消费用燃料","TTM":"塔塔汽车","BK7104":"黄金","TTM.AU":"TITAN MINERALS LTD","BK1538":"煤炭股","BK4523":"印度概念","BK1594":"碳中和概念股"},"translate_title":"中煤能源2024年第二季度盈利：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01898":1,"TTM":1,"TTM.AU":1},"content_text":"China Coal Energy (HKG:1898) Second Quarter 2024 ResultsKey Financial Results Revenue: CN¥47.6b (down 5.2% from 2Q 2023). Net income: CN¥5.73b (up 22% from 2Q 2023). Profit margin: 12% (up from 9.3% in 2Q 2023). The increase in margin was driven by lower expenses. EPS: CN¥0.43 (up from CN¥0.35 in 2Q 2023).  SEHK:1898 Earnings and Revenue Growth August 25th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period China Coal Energy Revenues and Earnings Miss Expectations  Revenue missed analyst estimates by 2.7%.  Earnings per share (EPS) also missed analyst estimates by 4.7%.      Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Hong Kong.    Performance of the Hong Kong Oil and Gas industry.  The company's share price is broadly unchanged from a week ago.   Risk Analysis Be aware that  China Coal Energy is showing  2 warning signs in our investment analysis and 1 of those is potentially serious... New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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