Luyang Energy-Saving Materials Second Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.30 in 2Q 2023)

Simply Wall St · 09/01 02:56

Luyang Energy-Saving Materials (SZSE:002088) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥912.5m (up 2.4% from 2Q 2023).
  • Net income: CN¥124.5m (down 16% from 2Q 2023).
  • Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.24 (down from CN¥0.30 in 2Q 2023).
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SZSE:002088 Earnings and Revenue Growth September 1st 2024

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

Luyang Energy-Saving Materials Earnings Insights

Looking ahead, revenue is forecast to grow 12% 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 share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Luyang Energy-Saving Materials that you should be aware of.