Sunresin New MaterialsLtd Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/26 00:23

Sunresin New MaterialsLtd (SZSE:300487) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥597.2m (up 4.9% from 3Q 2023).
  • Net income: CN¥192.3m (up 12% from 3Q 2023).
  • Profit margin: 32% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.38 (up from CN¥0.34 in 3Q 2023).
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SZSE:300487 Earnings and Revenue Growth October 26th 2024

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

Sunresin New MaterialsLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 21% 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 down 3.5% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Sunresin New MaterialsLtd (1 is potentially serious!) that you should be aware of before investing here.