China Northern Rare Earth (Group) High-TechLtd Second Quarter 2024 Earnings: CN¥0.002 loss per share (vs CN¥0.037 profit in 2Q 2023)

Simply Wall St · 08/30 23:21

China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥7.23b (flat on 2Q 2023).
  • Net loss: CN¥6.66m (down by 105% from CN¥134.1m profit in 2Q 2023).
  • CN¥0.002 loss per share (down from CN¥0.037 profit in 2Q 2023).
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SHSE:600111 Earnings and Revenue Growth August 30th 2024

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

China Northern Rare Earth (Group) High-TechLtd Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 3.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for China Northern Rare Earth (Group) High-TechLtd that we have uncovered.