Stock Analysis
Zhejiang Hailide New MaterialLtd Second Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.089 in 2Q 2023)
Zhejiang Hailide New MaterialLtd (SZSE:002206) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.50b (up 5.4% from 2Q 2023).
- Net income: CN¥114.9m (up 10.0% from 2Q 2023).
- Profit margin: 7.7% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.10 (up from CN¥0.089 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhejiang Hailide New MaterialLtd Earnings Insights
Looking ahead, revenue is forecast to grow 5.4% 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 up 7.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Zhejiang Hailide New MaterialLtd you should know about.
Valuation is complex, but we're here to simplify it.
Discover if Zhejiang Hailide New MaterialLtd might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SZSE:002206
Zhejiang Hailide New MaterialLtd
Engages in the research, develops, produces, and markets industrial polyester yarns, plastic materials, tire cord fabrics, and plastic floors in China and internationally.