Wuxi Acryl Technology Second Quarter 2024 Earnings: EPS: CN¥0.01 (vs CN¥0.11 in 2Q 2023)

Simply Wall St · 09/01 00:10

Wuxi Acryl Technology (SHSE:603722) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥139.0m (up 2.4% from 2Q 2023).
  • Net income: CN¥791.9k (down 92% from 2Q 2023).
  • Profit margin: 0.6% (down from 7.3% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.01 (down from CN¥0.11 in 2Q 2023).
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SHSE:603722 Earnings and Revenue Growth September 1st 2024

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

Wuxi Acryl Technology Earnings Insights

Looking ahead, revenue is forecast to grow 28% 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 5.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Wuxi Acryl Technology (1 shouldn't be ignored!) that you need to take into consideration.