Guangdong Huate Gas Third Quarter 2024 Earnings: Misses Expectations

Guangdong Huate Gas (SHSE:688268) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥340.5m (down 12% from 3Q 2023).
• Net income: CN¥36.5m (down 22% from 3Q 2023).
• Profit margin: 11% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.31 (down from CN¥0.39 in 3Q 2023).

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

Guangdong Huate Gas Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 35%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 27% 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 shares are down 5.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Guangdong Huate Gas that you should be aware of.

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