Jiangsu Hengxing New Material TechnologyLtd Past Earnings Performance
Past criteria checks 1/6
Jiangsu Hengxing New Material TechnologyLtd's earnings have been declining at an average annual rate of -3.4%, while the Chemicals industry saw earnings growing at 8.8% annually. Revenues have been growing at an average rate of 10.4% per year. Jiangsu Hengxing New Material TechnologyLtd's return on equity is 4.4%, and it has net margins of 12.1%.
Key information
-3.4%
Earnings growth rate
-27.3%
EPS growth rate
| Chemicals Industry Growth | 12.1% |
| Revenue growth rate | 10.4% |
| Return on equity | 4.4% |
| Net Margin | 12.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Jiangsu Hengxing New Material TechnologyLtd 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 |
|---|---|---|---|---|
| 31 Dec 23 | 644 | 78 | 40 | 19 |
| 30 Sep 23 | 619 | 81 | 40 | 18 |
| 30 Jun 23 | 634 | 78 | 41 | 19 |
| 31 Mar 23 | 639 | 80 | 42 | 21 |
| 31 Dec 22 | 677 | 93 | 43 | 23 |
| 31 Dec 21 | 518 | 90 | 48 | 17 |
| 31 Dec 20 | 428 | 125 | 40 | 13 |
| 31 Dec 19 | 377 | 103 | 43 | 12 |
| 31 Dec 18 | 440 | 74 | 46 | 12 |
| 31 Dec 17 | 437 | 48 | 32 | 14 |
Quality Earnings: 603276 has high quality earnings.
Growing Profit Margin: 603276's current net profit margins (12.1%) are lower than last year (13.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 603276's earnings have declined by 3.4% per year over the past 5 years.
Accelerating Growth: 603276's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 603276 had negative earnings growth (-16.3%) over the past year, making it difficult to compare to the Chemicals industry average (-20%).
Return on Equity
High ROE: 603276's Return on Equity (4.4%) is considered low.