Shida Shinghwa Advanced Material Group Third Quarter 2024 Earnings: CN¥0.17 loss per share (vs CN¥0.23 profit in 3Q 2023)

Shida Shinghwa Advanced Material Group (SHSE:603026) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.54b (flat on 3Q 2023).
• Net loss: CN¥26.8m (down by 153% from CN¥50.9m profit in 3Q 2023).
• CN¥0.17 loss per share (down from CN¥0.23 profit in 3Q 2023).

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

Shida Shinghwa Advanced Material Group Earnings Insights

Looking ahead, revenue is forecast to grow 7.2% 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.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Shida Shinghwa Advanced Material Group's balance sheet health.

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