Jinhong GasLtd Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 01, 2024

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).

earnings-and-revenue-growth — SHSE:688106 Earnings and Revenue Growth November 1st 2024

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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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.