Jiangyin Jianghua Microelectronics Materials Second Quarter 2024 Earnings: EPS: CN¥0.082 (vs CN¥0.099 in 2Q 2023)

Jiangyin Jianghua Microelectronics Materials (SHSE:603078) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥277.6m (up 1.7% from 2Q 2023).
• Net income: CN¥31.5m (down 17% from 2Q 2023).
• Profit margin: 11% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.082 (down from CN¥0.099 in 2Q 2023).

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

Jiangyin Jianghua Microelectronics Materials Earnings Insights

Looking ahead, revenue is forecast to grow 24% 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 earnings are important, another area to consider is the balance sheet. We have a graphic representation of Jiangyin Jianghua Microelectronics Materials' balance sheet and an in-depth analysis of the company's financial position.

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