Jiangsu Flag Chemical Industry Third Quarter 2024 Earnings: CN¥0.044 loss per share (vs CN¥0.068 profit in 3Q 2023)

Simply Wall St · 10/25 23:34

Jiangsu Flag Chemical Industry (SZSE:300575) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥575.6m (up 2.4% from 3Q 2023).
  • Net loss: CN¥16.4m (down by 153% from CN¥30.8m profit in 3Q 2023).
  • CN¥0.044 loss per share (down from CN¥0.068 profit in 3Q 2023).
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SZSE:300575 Earnings and Revenue Growth October 25th 2024

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

Jiangsu Flag Chemical Industry Earnings Insights

Looking ahead, revenue is forecast to grow 22% 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 4.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Jiangsu Flag Chemical Industry (1 is significant!) that you need to be mindful of.