Qinghai Salt Lake IndustryLtd Second Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.53 in 2Q 2023)

Simply Wall St · 09/01 02:09

Qinghai Salt Lake IndustryLtd (SZSE:000792) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥4.51b (down 14% from 2Q 2023).
  • Net income: CN¥1.28b (down 56% from 2Q 2023).
  • Profit margin: 28% (down from 55% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
  • EPS: CN¥0.24 (down from CN¥0.53 in 2Q 2023).
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SZSE:000792 Earnings and Revenue Growth September 1st 2024

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

Qinghai Salt Lake IndustryLtd Earnings Insights

Looking ahead, revenue is forecast to grow 5.3% 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 7.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Qinghai Salt Lake IndustryLtd that you need to take into consideration.