Ningbo Changhong Polymer Scientific and Technical Second Quarter 2024 Earnings: EPS: CN¥0.05 (vs CN¥0.01 in 2Q 2023)

Simply Wall St · 09/01 00:20

Ningbo Changhong Polymer Scientific and Technical (SHSE:605008) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥814.1m (up 171% from 2Q 2023).
  • Net income: CN¥32.1m (up 386% from 2Q 2023).
  • Profit margin: 3.9% (up from 2.2% in 2Q 2023).
  • EPS: CN¥0.05 (up from CN¥0.01 in 2Q 2023).
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SHSE:605008 Earnings and Revenue Growth September 1st 2024

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

Ningbo Changhong Polymer Scientific and Technical Earnings Insights

Looking ahead, revenue is forecast to grow 27% 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 2.3% from a week ago.

Risk Analysis

Be aware that Ningbo Changhong Polymer Scientific and Technical is showing 4 warning signs in our investment analysis and 2 of those make us uncomfortable...