Stock Analysis
- China
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- Basic Materials
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- SHSE:600449
Ningxia Building Materials GroupLtd First Quarter 2024 Earnings: CN¥0.03 loss per share (vs CN¥0.01 profit in 1Q 2023)
Ningxia Building Materials GroupLtd (SHSE:600449) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.57b (up 37% from 1Q 2023).
- Net loss: CN¥15.5m (down by 339% from CN¥6.46m profit in 1Q 2023).
- CN¥0.03 loss per share (down from CN¥0.01 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ningxia Building Materials GroupLtd Earnings Insights
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Basic Materials industry in China.
Performance of the Chinese Basic Materials industry.
The company's shares are down 3.7% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Ningxia Building Materials GroupLtd.
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About SHSE:600449
Ningxia Building Materials GroupLtd
Ningxia Building Materials Group Co.,Ltd manufactures and sells cement, cement clinkers, ready-made concrete, and aggregates in China.
Flawless balance sheet average dividend payer.