Yunnan Energy New Material Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 09/01 01:24

Yunnan Energy New Material (SZSE:002812) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.46b (down 18% from 2Q 2023).
  • Net income: CN¥132.9m (down 82% from 2Q 2023).
  • Profit margin: 5.4% (down from 25% in 2Q 2023). The decrease in margin was primarily driven by lower revenue.
  • EPS: CN¥0.14 (down from CN¥0.82 in 2Q 2023).
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SZSE:002812 Earnings and Revenue Growth September 1st 2024

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

Yunnan Energy New Material EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.4%. 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 6.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Yunnan Energy New Material (2 are a bit unpleasant) you should be aware of.