Sichuan Yahua Industrial Group Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 09/01 02:04

Sichuan Yahua Industrial Group (SZSE:002497) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.08b (down 35% from 2Q 2023).
  • Net income: CN¥87.3m (down 76% from 2Q 2023).
  • Profit margin: 4.2% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.076 (down from CN¥0.31 in 2Q 2023).
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SZSE:002497 Earnings and Revenue Growth September 1st 2024

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

Sichuan Yahua Industrial Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 2.6% 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 8.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Sichuan Yahua Industrial Group's balance sheet.