Cangzhou Mingzhu PlasticLtd Past Earnings Performance
Past criteria checks 1/6
Cangzhou Mingzhu PlasticLtd has been growing earnings at an average annual rate of 1.5%, while the Energy Services industry saw earnings growing at 11.6% annually. Revenues have been declining at an average rate of 2.3% per year. Cangzhou Mingzhu PlasticLtd's return on equity is 3.3%, and it has net margins of 6.5%.
Key information
1.5%
Earnings growth rate
-1.9%
EPS growth rate
| Energy Services Industry Growth | 12.1% |
| Revenue growth rate | -2.3% |
| Return on equity | 3.3% |
| Net Margin | 6.5% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Earnings Troubles May Signal Larger Issues for Cangzhou Mingzhu PlasticLtd (SZSE:002108) Shareholders
Nov 05
Earnings Troubles May Signal Larger Issues for Cangzhou Mingzhu PlasticLtd (SZSE:002108) Shareholders
May 02Recent updates
Earnings Troubles May Signal Larger Issues for Cangzhou Mingzhu PlasticLtd (SZSE:002108) Shareholders
Nov 05Lacklustre Performance Is Driving Cangzhou Mingzhu Plastic Co.,Ltd.'s (SZSE:002108) Low P/E
Oct 28Cangzhou Mingzhu PlasticLtd's (SZSE:002108) Dividend Will Be CN¥0.10
May 23Earnings Troubles May Signal Larger Issues for Cangzhou Mingzhu PlasticLtd (SZSE:002108) Shareholders
May 02Revenue & Expenses Breakdown
How Cangzhou Mingzhu PlasticLtd makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 2,588 | 168 | 151 | 39 |
| 30 Jun 24 | 2,536 | 195 | 151 | 37 |
| 31 Mar 24 | 2,503 | 250 | 150 | 37 |
| 31 Dec 23 | 2,619 | 273 | 150 | 36 |
| 30 Sep 23 | 2,732 | 265 | 154 | 35 |
| 30 Jun 23 | 2,828 | 285 | 156 | 34 |
| 31 Mar 23 | 2,950 | 305 | 165 | 34 |
| 01 Jan 23 | 2,835 | 281 | 167 | 33 |
| 30 Sep 22 | 2,881 | 282 | 168 | 35 |
| 30 Jun 22 | 2,858 | 295 | 161 | 40 |
| 31 Mar 22 | 2,809 | 314 | 159 | 42 |
| 31 Dec 21 | 2,889 | 366 | 165 | 43 |
| 30 Sep 21 | 2,900 | 406 | 166 | 40 |
| 30 Jun 21 | 3,002 | 430 | 177 | 35 |
| 31 Mar 21 | 3,041 | 382 | 169 | 34 |
| 31 Dec 20 | 2,762 | 301 | 160 | 31 |
| 30 Sep 20 | 2,712 | 234 | 175 | 36 |
| 30 Jun 20 | 2,735 | 173 | 190 | 38 |
| 31 Mar 20 | 2,755 | 166 | 207 | 41 |
| 31 Dec 19 | 2,996 | 166 | 219 | 42 |
| 30 Sep 19 | 3,073 | 158 | 260 | 44 |
| 30 Jun 19 | 3,205 | 271 | 249 | 43 |
| 31 Mar 19 | 3,279 | 271 | 273 | 39 |
| 31 Dec 18 | 3,325 | 298 | 257 | 38 |
| 30 Sep 18 | 3,389 | 410 | 215 | 30 |
| 30 Jun 18 | 3,385 | 384 | 206 | 37 |
| 31 Mar 18 | 3,423 | 463 | 204 | 31 |
| 31 Dec 17 | 3,524 | 545 | 218 | 25 |
| 30 Sep 17 | 3,408 | 545 | 214 | 17 |
| 30 Jun 17 | 3,184 | 515 | 236 | 0 |
| 31 Mar 17 | 2,973 | 521 | 219 | 0 |
| 31 Dec 16 | 2,765 | 487 | 220 | 0 |
| 30 Sep 16 | 2,591 | 447 | 203 | 0 |
| 30 Jun 16 | 2,418 | 381 | 194 | 0 |
| 31 Mar 16 | 2,265 | 287 | 189 | 0 |
| 31 Dec 15 | 2,175 | 215 | 180 | 0 |
| 30 Sep 15 | 2,115 | 202 | 166 | 0 |
| 30 Jun 15 | 2,097 | 183 | 161 | 0 |
| 31 Mar 15 | 2,122 | 177 | 148 | 0 |
| 31 Dec 14 | 2,090 | 167 | 144 | 0 |
| 30 Sep 14 | 2,142 | 161 | 152 | 0 |
| 30 Jun 14 | 2,095 | 157 | 148 | 0 |
| 31 Mar 14 | 2,033 | 147 | 153 | 0 |
| 31 Dec 13 | 1,983 | 149 | 150 | 0 |
Quality Earnings: 002108 has a large one-off gain of CN¥91.2M impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: 002108's current net profit margins (6.5%) are lower than last year (9.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002108's earnings have grown by 1.5% per year over the past 5 years.
Accelerating Growth: 002108's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 002108 had negative earnings growth (-36.6%) over the past year, making it difficult to compare to the Energy Services industry average (7.6%).
Return on Equity
High ROE: 002108's Return on Equity (3.3%) is considered low.