Investors Can Find Comfort In China Railway Construction's (SHSE:601186) Earnings Quality

Simply Wall St18:20 ET

2024 Annual Report

HKEXApr 3 05:27 ET · Announcements

Research Reports on digging for gold | Huachuang Securities: China Railway Construction Corporation has ample Orders, giving a "recommended" rating and a Target Price of 10 yuan.

According to a research report from Huachuang Securities, China Railway Construction Corporation (601186.SH) is expected to have a Net income of 22.215 billion yuan in 2024, a year-on-year decrease of 14.87%; revenues and Net income are under pressure. The uncompleted contract amount accounts for 720% of revenue, and new contracts related to the Eco-friendly Concept have increased by 24% year-on-year. The company is actively developing XINXINGCHANYE, increasing its undertaking of new projects, and accelerating the pace of transformation and upgrading, resulting in rapid growth in Orders. By the end of 2024, the company's total uncompleted contracts will amount to 7.68 trillion yuan, about 720% of revenue, ensuring future revenue scale. The company has sufficient Orders, while revenue is under temporary pressure, based on the Company Valuation method of comparable companies.

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Hong Kong stocks fluctuate | China Railway Construction Corporation (01186) falls over 5% after earnings report, annual net profit attributable to shareholders decreases by 14.87%, institutions indicate that financial expenses have eroded a significant am

China Railway Construction Corporation (01186) dropped over 5% after the earnings report, falling 5.21% to HKD 4.91 as of the time of writing, with a trading volume of HKD 0.154 billion.

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