Zhejiang Double Arrow Rubber Second Quarter 2024 Earnings: EPS: CN¥0.15 (vs CN¥0.12 in 2Q 2023)

Simply Wall St · 08/30 23:04

Zhejiang Double Arrow Rubber (SZSE:002381) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥730.2m (up 7.2% from 2Q 2023).
  • Net income: CN¥60.2m (up 27% from 2Q 2023).
  • Profit margin: 8.2% (up from 7.0% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.15 (up from CN¥0.12 in 2Q 2023).
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SZSE:002381 Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zhejiang Double Arrow Rubber Earnings Insights

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Zhejiang Double Arrow Rubber (at least 1 which is a bit concerning), and understanding them should be part of your investment process.