Shandong Hualu-Hengsheng Chemical Third Quarter 2024 Earnings: EPS Misses Expectations

Shandong Hualu-Hengsheng Chemical (SHSE:600426) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥8.20b (up 17% from 3Q 2023).
• Net income: CN¥824.6m (down 32% from 3Q 2023).
• Profit margin: 10% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.39 (down from CN¥0.57 in 3Q 2023).

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

Shandong Hualu-Hengsheng Chemical EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Shandong Hualu-Hengsheng Chemical that you should be aware of.

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