Second quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.075 loss in 2Q 2020)
The company reported a strong second quarter result with improved earnings, revenues and profit margins.Second quarter 2021 results:
- Revenue: CN¥644.7b (up 54% from 2Q 2020).
- Net income: CN¥25.3b (up CN¥39.1b from 2Q 2020).
- Profit margin: 3.9% (up from net loss in 2Q 2020).
Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.