Chengxin Lithium Group Second Quarter 2024 Earnings: CN¥0.045 loss per share (vs CN¥0.16 profit in 2Q 2023)

Simply Wall St · 09/01 01:51

Chengxin Lithium Group (SZSE:002240) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.37b (down 31% from 2Q 2023).
  • Net loss: CN¥43.3m (down by 129% from CN¥147.8m profit in 2Q 2023).
  • CN¥0.045 loss per share (down from CN¥0.16 profit in 2Q 2023).
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SZSE:002240 Earnings and Revenue Growth September 1st 2024

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

Chengxin Lithium Group Earnings Insights

Looking ahead, revenue is forecast to grow 28% 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 6.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Chengxin Lithium Group that you need to be mindful of.