Shandong Sunway Chemical Group Second Quarter 2024 Earnings: EPS: CN¥0.041 (vs CN¥0.11 in 2Q 2023)

Shandong Sunway Chemical Group (SZSE:002469) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥506.3m (down 31% from 2Q 2023).
• Net income: CN¥26.9m (down 61% from 2Q 2023).
• Profit margin: 5.3% (down from 9.5% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.041 (down from CN¥0.11 in 2Q 2023).

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

Shandong Sunway Chemical Group Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China.

Performance of the Chinese Energy Services industry.

The company's shares are down 6.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Shandong Sunway Chemical Group you should know about.

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