Zhejiang Oceanking Development Past Earnings Performance
Past criteria checks 3/6
Zhejiang Oceanking Development has been growing earnings at an average annual rate of 1.8%, while the Chemicals industry saw earnings growing at 4.9% annually. Revenues have been growing at an average rate of 12.4% per year. Zhejiang Oceanking Development's return on equity is 12.8%, and it has net margins of 9.4%.
Key information
1.8%
Earnings growth rate
-2.8%
EPS growth rate
| Chemicals Industry Growth | 12.1% |
| Revenue growth rate | 12.4% |
| Return on equity | 12.8% |
| Net Margin | 9.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
We Think That There Are Some Issues For Zhejiang Oceanking Development (SHSE:603213) Beyond Its Promising Earnings
Nov 07
Be Wary Of Zhejiang Oceanking Development (SHSE:603213) And Its Returns On Capital
Jun 06We Think That There Are More Issues For Zhejiang Oceanking Development (SHSE:603213) Than Just Sluggish Earnings
Apr 21Revenue & Expenses Breakdown
How Zhejiang Oceanking Development makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 2,590 | 244 | 44 | 48 |
| 30 Jun 24 | 2,262 | 268 | 45 | 43 |
| 31 Mar 24 | 2,014 | 235 | 51 | 41 |
| 31 Dec 23 | 2,115 | 249 | 46 | 43 |
| 30 Sep 23 | 2,112 | 217 | 54 | 40 |
| 30 Jun 23 | 2,192 | 221 | 51 | 40 |
| 31 Mar 23 | 2,438 | 334 | 47 | 33 |
| 31 Dec 22 | 2,563 | 379 | 50 | 40 |
| 30 Sep 22 | 2,809 | 559 | 45 | 32 |
| 30 Jun 22 | 2,682 | 578 | 48 | 31 |
| 31 Mar 22 | 2,395 | 544 | 45 | 34 |
| 01 Jan 22 | 2,117 | 497 | 46 | 21 |
| 30 Sep 21 | 1,673 | 323 | 43 | 18 |
| 31 Mar 21 | 1,295 | 176 | 40 | 12 |
| 31 Dec 20 | 1,152 | 130 | 35 | 11 |
| 31 Dec 19 | 1,137 | 127 | 61 | 11 |
| 31 Dec 18 | 1,154 | 108 | 62 | 13 |
| 31 Dec 17 | 1,183 | 104 | 66 | 13 |
Quality Earnings: 603213 has a high level of non-cash earnings.
Growing Profit Margin: 603213's current net profit margins (9.4%) are lower than last year (10.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 603213's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: 603213's earnings growth over the past year (12.4%) exceeds its 5-year average (1.8% per year).
Earnings vs Industry: 603213 earnings growth over the past year (12.4%) exceeded the Chemicals industry -5.3%.
Return on Equity
High ROE: 603213's Return on Equity (12.8%) is considered low.