Sanxiang Advanced Materials Third Quarter 2024 Earnings: EPS: CN¥0.032 (vs CN¥0.006 in 3Q 2023)

Simply Wall St

October 30, 2024

Sanxiang Advanced Materials (SHSE:603663) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥243.4m (down 1.5% from 3Q 2023).
Net income: CN¥14.2m (up 457% from 3Q 2023).
Profit margin: 5.8% (up from 1.0% in 3Q 2023). The increase in margin was driven by lower expenses.
EPS: CN¥0.032 (up from CN¥0.006 in 3Q 2023).

earnings-and-revenue-history — SHSE:603663 Earnings and Revenue History October 30th 2024

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

Sanxiang Advanced Materials Earnings Insights

Looking ahead, revenue is forecast to grow 30% 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 Sanxiang Advanced Materials' balance sheet and an in-depth analysis of the company's financial position.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.