Guangzhou Guanggang Gases & EnergyLtd Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Guangzhou Guanggang Gases & EnergyLtd (SHSE:688548) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥2.10b (up 14% from FY 2023).
• Net income: CN¥240.5m (down 25% from FY 2023).
• Profit margin: 12% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.18 (down from CN¥0.29 in FY 2023).

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

Guangzhou Guanggang Gases & EnergyLtd Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 1.0%.

Looking ahead, revenue is forecast to grow 24% 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 4.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Guangzhou Guanggang Gases & EnergyLtd, and understanding them should be part of your investment process.

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