Luoyang Jianlong Micro-nano New Material Third Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.61 in 3Q 2023)

Luoyang Jianlong Micro-nano New Material (SHSE:688357) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥188.8m (down 37% from 3Q 2023).
• Net income: CN¥14.1m (down 77% from 3Q 2023).
• Profit margin: 7.5% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.14 (down from CN¥0.61 in 3Q 2023).

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

Luoyang Jianlong Micro-nano New Material Earnings Insights

Looking ahead, revenue is forecast to grow 24% 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 4.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Luoyang Jianlong Micro-nano New Material that we have uncovered.

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