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

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).

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.

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