Asia-potash International Investment (Guangzhou)Co.Ltd Second Quarter 2024 Earnings: EPS: CN¥0.20 (vs CN¥0.41 in 2Q 2023)

Simply Wall St · 08/31 00:10

Asia-potash International Investment (Guangzhou)Co.Ltd (SZSE:000893) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.06b (down 8.8% from 2Q 2023).
  • Net income: CN¥188.8m (down 50% from 2Q 2023).
  • Profit margin: 18% (down from 33% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
  • EPS: CN¥0.20 (down from CN¥0.41 in 2Q 2023).
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SZSE:000893 Earnings and Revenue Growth August 31st 2024

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

Asia-potash International Investment (Guangzhou)Co.Ltd Earnings Insights

Looking ahead, revenue is forecast to grow 41% 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 3.8% from a week ago.

Risk Analysis

Be aware that Asia-potash International Investment (Guangzhou)Co.Ltd is showing 2 warning signs in our investment analysis and 1 of those shouldn't be ignored...