Stock Analysis

Shenma IndustryLtd Third Quarter 2024 Earnings: CN¥0.056 loss per share (vs CN¥0.11 profit in 3Q 2023)

Simply Wall St

Published October 31, 2024

Shenma IndustryLtd (SHSE:600810) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥3.24b (down 14% from 3Q 2023).
Net loss: CN¥27.7m (down by 126% from CN¥105.3m profit in 3Q 2023).
CN¥0.056 loss per share (down from CN¥0.11 profit in 3Q 2023).

SHSE:600810 Earnings and Revenue Growth October 31st 2024

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

Shenma IndustryLtd Earnings Insights

Looking ahead, revenue is forecast to grow 14% 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 1.9% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Shenma IndustryLtd (2 are a bit concerning!) that you should be aware of before investing here.

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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.