North Huajin Chemical IndustriesLtd Third Quarter 2024 Earnings: Misses Expectations

North Huajin Chemical IndustriesLtd (SZSE:000059) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.34b (down 70% from 3Q 2023).
• Net loss: CN¥1.15b (down from CN¥283.3m profit in 3Q 2023).
• CN¥0.72 loss per share (down from CN¥0.18 profit in 3Q 2023).

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

North Huajin Chemical IndustriesLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 68%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 14% 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 3.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on North Huajin Chemical IndustriesLtd's balance sheet.

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