Ganfeng Lithium Group Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 03, 2024

Ganfeng Lithium Group (SZSE:002460) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥4.34b (down 43% from 3Q 2023).
Net income: CN¥120.0m (down 25% from 3Q 2023).
Profit margin: 2.8% (up from 2.1% in 3Q 2023).
EPS: CN¥0.06 (down from CN¥0.079 in 3Q 2023).

earnings-and-revenue-growth — SZSE:002460 Earnings and Revenue Growth November 3rd 2024

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

Ganfeng Lithium Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 16% 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 still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ganfeng Lithium Group, and understanding these should be part of your investment process.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.