Jiangsu Favored Nanotechnology Full Year 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.12 loss in FY 2023)

Jiangsu Favored Nanotechnology (SHSE:688371) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥478.8m (up 55% from FY 2023).
• Net income: CN¥45.9m (up from CN¥41.6m loss in FY 2023).
• Profit margin: 9.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: CN¥0.14 (up from CN¥0.12 loss in FY 2023).

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

Jiangsu Favored Nanotechnology Earnings Insights

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Jiangsu Favored Nanotechnology that you should be aware of before investing here.

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