Jinhong GasLtd Third Quarter 2024 Earnings: Misses Expectations

Jinhong GasLtd (SHSE:688106) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥625.7m (down 3.1% from 3Q 2023).
• Net income: CN¥50.4m (down 48% from 3Q 2023).
• Profit margin: 8.1% (down from 15% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: CN¥0.11 (down from CN¥0.20 in 3Q 2023).

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

Jinhong GasLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 55%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Jinhong GasLtd (1 shouldn't be ignored!) that you should be aware of.

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