Guangdong DFP New Material Group Third Quarter 2024 Earnings: CN¥0.03 loss per share (vs CN¥0.002 loss in 3Q 2023)

Guangdong DFP New Material Group (SHSE:601515) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥358.0m (down 37% from 3Q 2023).
• Net loss: CN¥60.3m (loss widened by CN¥56.4m from 3Q 2023).
• CN¥0.03 loss per share (further deteriorated from CN¥0.002 loss in 3Q 2023).

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

Guangdong DFP New Material Group Earnings Insights

Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 2 years, while revenues in the Packaging industry in China are expected to grow by 13%.

Performance of the Chinese Packaging industry.

The company's shares are up 14% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Guangdong DFP New Material Group (1 is concerning) you should be aware of.

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