Elite Color Environmental Resources Science & Technology Third Quarter 2024 Earnings: EPS: CN¥0.081 (vs CN¥0.13 in 3Q 2023)

Simply Wall St · 10/17 22:30

Elite Color Environmental Resources Science & Technology (SZSE:002998) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥558.7m (down 25% from 3Q 2023).
  • Net income: CN¥27.2m (down 37% from 3Q 2023).
  • Profit margin: 4.9% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.081 (down from CN¥0.13 in 3Q 2023).
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SZSE:002998 Earnings and Revenue History October 17th 2024

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

Elite Color Environmental Resources Science & Technology Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are down 5.7% 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 have a graphic representation of Elite Color Environmental Resources Science & Technology's balance sheet and an in-depth analysis of the company's financial position.