Tongkun Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Tongkun Group (SHSE:601233) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥27.8b (up 12% from 3Q 2023).
• Net loss: CN¥58.6m (down by 107% from CN¥798.3m profit in 3Q 2023).
• CN¥0.024 loss per share (down from CN¥0.43 profit in 3Q 2023).

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

Tongkun Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 5.5% 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 down 1.8% from a week ago.

Risk Analysis

Be aware that Tongkun Group is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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