Innovation New Material Technology Second Quarter 2024 Earnings: EPS: CN¥0.068 (vs CN¥0.061 in 2Q 2023)

Simply Wall St · 09/01 02:00

Innovation New Material Technology (SHSE:600361) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥21.0b (up 12% from 2Q 2023).
  • Net income: CN¥296.7m (up 23% from 2Q 2023).
  • Profit margin: 1.4% (up from 1.3% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.068 (up from CN¥0.061 in 2Q 2023).
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SHSE:600361 Earnings and Revenue Growth September 1st 2024

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

Innovation New Material Technology Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Retailing industry in China.

Performance of the Chinese Consumer Retailing industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Innovation New Material Technology (2 are a bit concerning) you should be aware of.