Sichuan Em Technology Second Quarter 2024 Earnings: Misses Expectations
Sichuan Em Technology (SHSE:601208) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.20b (up 24% from 2Q 2023).
- Net income: CN¥109.1m (down 27% from 2Q 2023).
- Profit margin: 9.1% (down from 15% in 2Q 2023).
- EPS: CN¥0.12 (down from CN¥0.16 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sichuan Em Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 20% 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 share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Sichuan Em Technology (1 is potentially serious!) that you need to take into consideration.
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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:601208
Sichuan Em Technology
Engages in the research, development, manufacture, and sale of new materials worldwide.
Good value with reasonable growth potential.