Zhejiang Hailide New MaterialLtd Second Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.089 in 2Q 2023)

Simply Wall St · 6d ago

Zhejiang Hailide New MaterialLtd (SZSE:002206) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.50b (up 5.4% from 2Q 2023).
  • Net income: CN¥114.9m (up 10.0% from 2Q 2023).
  • Profit margin: 7.7% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.10 (up from CN¥0.089 in 2Q 2023).
earnings-and-revenue-growth
SZSE:002206 Earnings and Revenue Growth September 1st 2024

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

Zhejiang Hailide New MaterialLtd Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% 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 7.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Zhejiang Hailide New MaterialLtd you should know about.