Fujian Acetron New Materials Second Quarter 2024 Earnings: EPS: CN¥0.048 (vs CN¥0.067 in 2Q 2023)

Simply Wall St · 08/31 00:42

Fujian Acetron New Materials (SZSE:300706) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥315.9m (up 30% from 2Q 2023).
  • Net income: CN¥8.17m (down 26% from 2Q 2023).
  • Profit margin: 2.6% (down from 4.5% in 2Q 2023).
  • EPS: CN¥0.048 (down from CN¥0.067 in 2Q 2023).
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SZSE:300706 Earnings and Revenue Growth August 31st 2024

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

Fujian Acetron New Materials Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 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 5.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Fujian Acetron New Materials you should be aware of, and 1 of them is significant.