Hunan Kaimeite Gases Third Quarter 2024 Earnings: EPS: CN¥0.033 (vs CN¥0.032 loss in 3Q 2023)

Hunan Kaimeite Gases (SZSE:002549) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥147.9m (up 19% from 3Q 2023).
• Net income: CN¥22.7m (up from CN¥24.2m loss in 3Q 2023).
• Profit margin: 15% (up from net loss in 3Q 2023).
• EPS: CN¥0.033 (up from CN¥0.032 loss in 3Q 2023).

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

Hunan Kaimeite Gases Earnings Insights

Looking ahead, revenue is forecast to grow 35% 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 1.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Hunan Kaimeite Gases' balance sheet.

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