Yangmei ChemicalLtd Third Quarter 2024 Earnings: CN¥0.042 loss per share (vs CN¥0.006 loss in 3Q 2023)

Simply Wall St

November 01, 2024

Yangmei ChemicalLtd (SHSE:600691) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥2.76b (down 27% from 3Q 2023).
Net loss: CN¥100.6m (loss widened by CN¥85.8m from 3Q 2023).
CN¥0.042 loss per share (further deteriorated from CN¥0.006 loss in 3Q 2023).

earnings-and-revenue-growth — SHSE:600691 Earnings and Revenue Growth November 1st 2024

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

Yangmei ChemicalLtd Earnings Insights

Looking ahead, revenue is forecast to grow 21% 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 up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Yangmei ChemicalLtd's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.