Sunresin New MaterialsLtd Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 08/31 00:35

Sunresin New MaterialsLtd (SZSE:300487) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥663.6m (up 31% from 2Q 2023).
  • Net income: CN¥234.9m (up 11% from 2Q 2023).
  • Profit margin: 35% (down from 42% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.46 (up from CN¥0.42 in 2Q 2023).
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SZSE:300487 Earnings and Revenue Growth August 31st 2024

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

Sunresin New MaterialsLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 20% 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 5.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Sunresin New MaterialsLtd that you need to be mindful of.