Chengxin Lithium Group Third Quarter 2024 Earnings: CN¥0.33 loss per share (vs CN¥0.53 profit in 3Q 2023)

Chengxin Lithium Group (SZSE:002240) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥919.3m (down 51% from 3Q 2023).
• Net loss: CN¥274.7m (down by 157% from CN¥483.4m profit in 3Q 2023).
• CN¥0.33 loss per share (down from CN¥0.53 profit in 3Q 2023).

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

Chengxin Lithium Group Earnings Insights

Looking ahead, revenue is forecast to grow 31% 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 share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Chengxin Lithium Group (at least 1 which is a bit concerning), and understanding them should be part of your investment process.

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