Xinxiang Chemical Fiber Full Year 2024 Earnings: Misses Expectations

Xinxiang Chemical Fiber (SZSE:000949) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥7.37b (flat on FY 2023).
• Net income: CN¥245.6m (up from CN¥42.2m loss in FY 2023).
• Profit margin: 3.3% (up from net loss in FY 2023).
• EPS: CN¥0.16 (up from CN¥0.03 loss in FY 2023).

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

Xinxiang Chemical Fiber Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Xinxiang Chemical Fiber you should be aware of, and 1 of them shouldn't be ignored.

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