Red Avenue New Materials Group Co., Ltd.

SHSE:603650 Stock Report

Market Cap: CN¥19.5b

Red Avenue New Materials Group Past Earnings Performance

Past criteria checks 5/6

Red Avenue New Materials Group has been growing earnings at an average annual rate of 4.6%, while the Chemicals industry saw earnings growing at 4.9% annually. Revenues have been growing at an average rate of 9% per year. Red Avenue New Materials Group's return on equity is 14.8%, and it has net margins of 15.6%.

Key information

4.6%

Earnings growth rate

4.0%

EPS growth rate

Chemicals Industry Growth12.1%
Revenue growth rate9.0%
Return on equity14.8%
Net Margin15.6%
Next Earnings Update18 Apr 2025

Recent past performance updates

Recent updates

Is Red Avenue New Materials Group (SHSE:603650) A Risky Investment?

Dec 16
Is Red Avenue New Materials Group (SHSE:603650) A Risky Investment?

Red Avenue New Materials Group Co., Ltd. (SHSE:603650) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

Nov 11
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

Red Avenue New Materials Group (SHSE:603650) Will Be Hoping To Turn Its Returns On Capital Around

Sep 30
Red Avenue New Materials Group (SHSE:603650) Will Be Hoping To Turn Its Returns On Capital Around

Red Avenue New Materials Group (SHSE:603650) Has A Pretty Healthy Balance Sheet

Sep 11
Red Avenue New Materials Group (SHSE:603650) Has A Pretty Healthy Balance Sheet

Risks To Shareholder Returns Are Elevated At These Prices For Red Avenue New Materials Group Co., Ltd. (SHSE:603650)

Jun 26
Risks To Shareholder Returns Are Elevated At These Prices For Red Avenue New Materials Group Co., Ltd. (SHSE:603650)

These 4 Measures Indicate That Red Avenue New Materials Group (SHSE:603650) Is Using Debt Reasonably Well

Jun 09
These 4 Measures Indicate That Red Avenue New Materials Group (SHSE:603650) Is Using Debt Reasonably Well

Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Shares May Have Run Too Fast Too Soon

Mar 01
Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Shares May Have Run Too Fast Too Soon

Revenue & Expenses Breakdown

How Red Avenue New Materials Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SHSE:603650 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 243,173495295196
30 Jun 243,150497285191
31 Mar 243,060468278187
31 Dec 232,944407267180
30 Sep 232,849408269177
30 Jun 232,693337270170
31 Mar 232,594309253163
31 Dec 222,500298245158
30 Sep 222,453291226164
30 Jun 222,325274212158
31 Mar 222,318253217156
31 Dec 212,320327211147
30 Sep 212,260357174117
30 Jun 212,275468166103
31 Mar 212,16349216486
31 Dec 202,04641016383
30 Sep 202,07033221374
30 Jun 202,02527721678
31 Mar 202,15029222493
31 Dec 192,20833122890
30 Sep 192,183418229102
30 Jun 192,219425225100
31 Mar 192,18840521594
31 Dec 182,17541220893
30 Sep 182,13841420590
30 Jun 182,10838719378
31 Mar 181,94835122289
31 Dec 171,90131518070
31 Dec 161,7332632450
31 Dec 151,560773630
31 Dec 141,7881442420

Quality Earnings: 603650 has high quality earnings.

Growing Profit Margin: 603650's current net profit margins (15.6%) are higher than last year (14.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 603650's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: 603650's earnings growth over the past year (21.5%) exceeds its 5-year average (4.6% per year).

Earnings vs Industry: 603650 earnings growth over the past year (21.5%) exceeded the Chemicals industry -4.7%.


Return on Equity

High ROE: 603650's Return on Equity (14.8%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 10:54
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Red Avenue New Materials Group Co., Ltd. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jian Jun ZouChasing Securities
Chao LiCitic Securities Co., Ltd.
Nai Di ZhaoEverbright Securities Co. Ltd.