Nuode New MaterialsLtd Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 30, 2024

Nuode New MaterialsLtd (SHSE:600110) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥1.32b (down 8.4% from 3Q 2023).
Net loss: CN¥58.4m (loss widened by 14% from 3Q 2023).
CN¥0.033 loss per share (further deteriorated from CN¥0.029 loss in 3Q 2023).

earnings-and-revenue-growth — SHSE:600110 Earnings and Revenue Growth October 30th 2024

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

Nuode New MaterialsLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Nuode New MaterialsLtd that you should be aware of before investing here.

Valuation is complex, but we're here to simplify it.

Discover if Nuode New MaterialsLtd might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.