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

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).

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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