Zhejiang Taihua New Material Co.,Ltd

SHSE:603055 Stock Report

Market Cap: CN¥7.6b

Zhejiang Taihua New MaterialLtd Past Earnings Performance

Past criteria checks 1/6

Zhejiang Taihua New MaterialLtd has been growing earnings at an average annual rate of 4.3%, while the Luxury industry saw earnings growing at 3.1% annually. Revenues have been growing at an average rate of 12% per year. Zhejiang Taihua New MaterialLtd's return on equity is 6.9%, and it has net margins of 6.6%.

Key information

4.3%

Earnings growth rate

0.7%

EPS growth rate

Luxury Industry Growth2.8%
Revenue growth rate12.0%
Return on equity6.9%
Net Margin6.6%
Next Earnings Update09 Apr 2024

Recent past performance updates

Recent updates

Many Still Looking Away From Zhejiang Taihua New Material Co.,Ltd (SHSE:603055)

Mar 24
Many Still Looking Away From Zhejiang Taihua New Material Co.,Ltd (SHSE:603055)

Revenue & Expenses Breakdown
Beta

How Zhejiang Taihua New MaterialLtd makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SHSE:603055 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 234,515298268247
30 Jun 234,157212275235
31 Mar 234,034228273229
31 Dec 224,009269275238
30 Sep 224,198384279246
30 Jun 224,466442276249
31 Mar 224,463481263240
31 Dec 214,257464252216
30 Sep 213,899404217186
30 Jun 213,275330194165
31 Mar 212,772200179142
31 Dec 202,501120175139
30 Sep 202,38595192136
30 Jun 202,465102199136
31 Mar 202,606159200145
31 Dec 192,691196201147
30 Sep 192,689199203143
30 Jun 192,787255198133
31 Mar 192,917321201123
31 Dec 182,974345192107
30 Sep 182,971433175104
30 Jun 182,902400138132
31 Mar 182,800370148105
31 Dec 172,72936715987
30 Sep 172,63836217255
31 Dec 162,2442281890
31 Dec 151,897411660
31 Dec 141,942811560
31 Dec 131,8521161710

Quality Earnings: 603055 has a high level of non-cash earnings.

Growing Profit Margin: 603055's current net profit margins (6.6%) are lower than last year (9.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 603055's earnings have grown by 4.3% per year over the past 5 years.

Accelerating Growth: 603055's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 603055 had negative earnings growth (-22.3%) over the past year, making it difficult to compare to the Luxury industry average (0.9%).


Return on Equity

High ROE: 603055's Return on Equity (6.9%) is considered low.


Return on Assets


Return on Capital Employed


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