Crystal Clear Electronic MaterialLtd Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 08/31 00:12

Crystal Clear Electronic MaterialLtd (SZSE:300655) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥364.0m (up 9.4% from 2Q 2023).
  • Net income: CN¥4.05m (up from CN¥7.21m loss in 2Q 2023).
  • Profit margin: 1.1% (up from net loss in 2Q 2023).
  • EPS: CN¥0.003 (up from CN¥0.009 loss in 2Q 2023).
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SZSE:300655 Earnings and Revenue Growth August 31st 2024

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

Crystal Clear Electronic MaterialLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 73%.

Looking ahead, revenue is forecast to grow 16% 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 5.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Crystal Clear Electronic MaterialLtd you should know about.