Hubei Xingfa Chemicals Group Third Quarter 2024 Earnings: EPS: CN¥0.46 (vs CN¥0.35 in 3Q 2023)

Hubei Xingfa Chemicals Group (SHSE:600141) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥8.65b (up 19% from 3Q 2023).
• Net income: CN¥509.3m (up 32% from 3Q 2023).
• Profit margin: 5.9% (up from 5.3% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.46 (up from CN¥0.35 in 3Q 2023).

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

Hubei Xingfa Chemicals Group Earnings Insights

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Hubei Xingfa Chemicals Group (of which 1 shouldn't be ignored!) you should know about.

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