Satellite ChemicalLtd Second Quarter 2024 Earnings: EPS Misses Expectations

Satellite ChemicalLtd (SZSE:002648) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥10.6b (down 2.5% from 2Q 2023).
• Net income: CN¥1.03b (down 8.5% from 2Q 2023).
• Profit margin: 9.8% (in line with 2Q 2023).
• EPS: CN¥0.31 (down from CN¥0.33 in 2Q 2023).

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

Satellite ChemicalLtd EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 18% 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 share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Satellite ChemicalLtd.

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