Sinosteel Luonai Materials Technology Past Earnings Performance
Past criteria checks 1/6
Sinosteel Luonai Materials Technology's earnings have been declining at an average annual rate of -5.5%, while the Basic Materials industry saw earnings declining at 1.7% annually. Revenues have been growing at an average rate of 3.9% per year. Sinosteel Luonai Materials Technology's return on equity is 2.2%, and it has net margins of 2.8%.
Key information
-5.5%
Earnings growth rate
-24.9%
EPS growth rate
| Basic Materials Industry Growth | 3.3% |
| Revenue growth rate | 3.9% |
| Return on equity | 2.2% |
| Net Margin | 2.8% |
| Next Earnings Update | 26 Apr 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Sinosteel Luonai Materials Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 2,512 | 70 | 0 | 0 |
| 30 Sep 23 | 2,456 | 117 | 102 | 71 |
| 30 Jun 23 | 2,666 | 185 | 218 | 157 |
| 31 Mar 23 | 2,723 | 223 | 209 | 150 |
| 31 Dec 22 | 2,688 | 233 | 207 | 146 |
| 30 Sep 22 | 2,746 | 208 | 198 | 143 |
| 30 Jun 22 | 2,635 | 207 | 196 | 138 |
| 31 Mar 22 | 2,634 | 216 | 193 | 130 |
| 31 Dec 21 | 2,655 | 224 | 191 | 125 |
| 30 Sep 21 | 2,576 | 236 | 252 | 211 |
| 31 Dec 20 | 2,018 | 197 | 96 | 112 |
| 31 Dec 19 | 1,820 | 135 | 222 | 98 |
Quality Earnings: 688119 has high quality earnings.
Growing Profit Margin: 688119's current net profit margins (2.8%) are lower than last year (8.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 688119's earnings have declined by 5.5% per year over the past 5 years.
Accelerating Growth: 688119's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 688119 had negative earnings growth (-69.9%) over the past year, making it difficult to compare to the Basic Materials industry average (-11.4%).
Return on Equity
High ROE: 688119's Return on Equity (2.2%) is considered low.