Stock Analysis
- China
- /
- Oil and Gas
- /
- SZSE:002221
Oriental Energy Third Quarter 2024 Earnings: EPS: CN¥0.013 (vs CN¥0.019 in 3Q 2023)
Oriental Energy (SZSE:002221) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥9.36b (up 53% from 3Q 2023).
- Net income: CN¥21.0m (down 31% from 3Q 2023).
- Profit margin: 0.2% (down from 0.5% in 3Q 2023).
- EPS: CN¥0.013 (down from CN¥0.019 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Oriental Energy Earnings Insights
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Oil and Gas industry in China.
Performance of the Chinese Oil and Gas industry.
The company's shares are up 4.4% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Oriental Energy (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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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.
About SZSE:002221
Oriental Energy
Engages in the production and sale of low-temperature and atmospheric pressure liquefied petroleum gas, propylene, polypropylene, and other chemical products in China.