Jiangsu Ruitai New Energy Materials Third Quarter 2024 Earnings: EPS: CN¥0.052 (vs CN¥0.18 in 3Q 2023)

Jiangsu Ruitai New Energy Materials (SZSE:301238) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥554.2m (down 45% from 3Q 2023).
• Net income: CN¥41.4m (down 68% from 3Q 2023).
• Profit margin: 7.5% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.052 (down from CN¥0.18 in 3Q 2023).

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

Jiangsu Ruitai New Energy Materials shares are down 5.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Jiangsu Ruitai New Energy Materials (of which 1 is a bit concerning!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.