Grace Fabric TechnologyLtd Second Quarter 2024 Earnings: EPS: CN¥0.011 (vs CN¥0.015 loss in 2Q 2023)

Simply Wall St · 09/01 00:25

Grace Fabric TechnologyLtd (SHSE:603256) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥217.8m (up 31% from 2Q 2023).
  • Net income: CN¥8.89m (up from CN¥17.0m loss in 2Q 2023).
  • Profit margin: 4.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
  • EPS: CN¥0.011 (up from CN¥0.015 loss in 2Q 2023).
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SHSE:603256 Earnings and Revenue Growth September 1st 2024

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

Grace Fabric TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 10.0% 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 15% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Grace Fabric TechnologyLtd that you need to take into consideration.