Shenghe Resources Holding Third Quarter 2024 Earnings: EPS: CN¥0.092 (vs CN¥0.042 in 3Q 2023)

Shenghe Resources Holding (SHSE:600392) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.80b (down 38% from 3Q 2023).
• Net income: CN¥161.4m (up 118% from 3Q 2023).
• Profit margin: 5.8% (up from 1.6% in 3Q 2023).
• EPS: CN¥0.092 (up from CN¥0.042 in 3Q 2023).

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

Shenghe Resources Holding Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 17% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Shenghe Resources Holding that you need to be mindful of.

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