Sokan New Materials Group Third Quarter 2024 Earnings: EPS: CN¥0.27 (vs CN¥0.24 in 3Q 2023)

Simply Wall St · 10/18 23:09

Sokan New Materials Group (SHSE:688157) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥203.5m (up 20% from 3Q 2023).
  • Net income: CN¥30.5m (up 14% from 3Q 2023).
  • Profit margin: 15% (in line with 3Q 2023).
  • EPS: CN¥0.27 (up from CN¥0.24 in 3Q 2023).
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SHSE:688157 Earnings and Revenue Growth October 18th 2024

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

Sokan New Materials Group Earnings Insights

Looking ahead, revenue is forecast to grow 28% 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 6.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Sokan New Materials Group that you need to take into consideration.