Zhejiang Weihua New Material Past Earnings Performance
Past criteria checks 1/6
Zhejiang Weihua New Material has been growing earnings at an average annual rate of 28.7%, while the Chemicals industry saw earnings growing at 7.9% annually. Revenues have been declining at an average rate of 21.7% per year. Zhejiang Weihua New Material's return on equity is 15.7%, and it has net margins of 31.1%.
Key information
28.7%
Earnings growth rate
25.2%
EPS growth rate
| Chemicals Industry Growth | 12.1% |
| Revenue growth rate | -21.7% |
| Return on equity | 15.7% |
| Net Margin | 31.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
No updates
Recent updates
No updates
Revenue & Expenses Breakdown
How Zhejiang Weihua New Material 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 Mar 24 | 1,336 | 416 | 67 | 53 |
| 31 Dec 23 | 1,486 | 500 | 71 | 58 |
| 31 Dec 22 | 1,776 | 623 | 76 | 68 |
| 31 Dec 21 | 1,424 | 431 | 58 | 50 |
| 31 Dec 20 | 1,063 | 170 | 201 | 61 |
| 31 Dec 19 | 519 | 43 | 31 | 18 |
Quality Earnings: 603310 has a high level of non-cash earnings.
Growing Profit Margin: 603310's current net profit margins (31.1%) are lower than last year (34.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 603310's earnings have grown significantly by 28.7% per year over the past 5 years.
Accelerating Growth: 603310's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 603310 had negative earnings growth (-29.8%) over the past year, making it difficult to compare to the Chemicals industry average (-11.1%).
Return on Equity
High ROE: 603310's Return on Equity (15.7%) is considered low.