Stock Analysis
Snowsky Salt Industry GroupLTD Second Quarter 2024 Earnings: EPS: CN¥0.086 (vs CN¥0.086 in 2Q 2023)
Snowsky Salt Industry GroupLTD (SHSE:600929) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.46b (up 1.8% from 2Q 2023).
- Net income: CN¥142.1m (up 12% from 2Q 2023).
- Profit margin: 9.7% (in line with 2Q 2023).
- EPS: CN¥0.086 (in line with 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Snowsky Salt Industry GroupLTD Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.
Performance of the Chinese Chemicals industry.
The company's shares are down 2.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Snowsky Salt Industry GroupLTD has 1 warning sign we think you should be aware of.
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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.
About SHSE:600929
Snowsky Salt Industry GroupLTD
Engages in production and sale of salt and salt products.