Aluminum Corporation of China Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.08-31

Aluminum Corporation of China (HKG:2600) Second Quarter 2024 ResultsKey Financial Results Revenue: CN¥61.8b (down 8.9% from 2Q 2023). Net income: CN¥4.73b (up 205% from 2Q 2023). Profit margin: 7.7% (...

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Net income: CN¥4.73b (up 205% from 2Q 2023). Profit margin: 7.7% (...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/materials/hkg-2600/aluminum-corporation-of-china-shares/news/aluminum-corporation-of-china-second-quarter-2024-earnings-e\">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":"ACH","symbol_name":"中国铝业","start_time":0,"source_url":"https://simplywall.st/stocks/hk/materials/hkg-2600/aluminum-corporation-of-china-shares/news/aluminum-corporation-of-china-second-quarter-2024-earnings-e","article_id":"2463654744","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2051000-choice2-main-header/1585187236519"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463654744","pubTimestamp":1725067075,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Aluminum Corporation of China ( HKG:2600 ) Second Quarter 2024 Results Key Financial Results Revenue: CN¥61.8b (down...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ACH":"中国铝业"},"translate_title":"中国铝业2024年第二季度盈利：每股收益超出预期，营收滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACH":1},"content_text":"Aluminum Corporation of China (HKG:2600) Second Quarter 2024 ResultsKey Financial Results Revenue: CN¥61.8b (down 8.9% from 2Q 2023). Net income: CN¥4.73b (up 205% from 2Q 2023). Profit margin: 7.7% (up from 2.3% in 2Q 2023). The increase in margin was driven by lower expenses. EPS: CN¥0.28 (up from CN¥0.093 in 2Q 2023).  SEHK:2600 Earnings and Revenue Growth August 31st 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Aluminum Corporation of China EPS Beats Expectations, Revenues Fall Short  Revenue missed analyst estimates by 2.8%.  Earnings per share (EPS) exceeded analyst estimates by 41%.      Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Metals and Mining industry in Hong Kong.    Performance of the Hong Kong Metals and Mining industry.  The company's shares are up 3.4% from a week ago.   Risk Analysis It is worth noting though that we have found 1 warning sign for Aluminum Corporation of China that you need to take into consideration. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio 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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