Zhejiang Runtu Reports Second Quarter 2024 Earnings

Simply Wall St · 09/01 01:35

Zhejiang Runtu (SZSE:002440) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.44b (down 8.6% from 2Q 2023).
  • Net income: CN¥103.3m (down 23% from 2Q 2023).
  • Profit margin: 7.2% (down from 8.6% in 2Q 2023).
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SZSE:002440 Earnings and Revenue Growth September 1st 2024

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

Zhejiang Runtu Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% 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 1.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Zhejiang Runtu (1 can't be ignored) you should be aware of.