Kangda New Materials (Group) Past Earnings Performance
Past criteria checks 0/6
Kangda New Materials (Group)'s earnings have been declining at an average annual rate of -27.6%, while the Chemicals industry saw earnings growing at 8.5% annually. Revenues have been growing at an average rate of 20.6% per year. Kangda New Materials (Group)'s return on equity is 0.8%, and it has net margins of 0.8%.
Key information
-27.6%
Earnings growth rate
-30.7%
EPS growth rate
| Chemicals Industry Growth | 12.1% |
| Revenue growth rate | 20.6% |
| Return on equity | 0.8% |
| Net Margin | 0.8% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
There May Be Reason For Hope In Kangda New Materials (Group)'s (SZSE:002669) Disappointing Earnings
Apr 22
Kangda New Materials (Group) (SZSE:002669) Will Want To Turn Around Its Return Trends
Mar 26Kangda New Materials (Group) Co., Ltd. (SZSE:002669) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Mar 07Revenue & Expenses BreakdownBeta
How Kangda New Materials (Group) makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 2,697 | 20 | 337 | 183 |
| 31 Dec 23 | 2,793 | 30 | 325 | 174 |
| 30 Sep 23 | 2,822 | 114 | 323 | 153 |
| 30 Jun 23 | 2,660 | 99 | 294 | 144 |
| 31 Mar 23 | 2,499 | 43 | 268 | 130 |
| 31 Dec 22 | 2,466 | 48 | 260 | 122 |
| 30 Sep 22 | 2,480 | -14 | 241 | 117 |
| 30 Jun 22 | 2,510 | -20 | 246 | 98 |
| 31 Mar 22 | 2,484 | -19 | 247 | 101 |
| 01 Jan 22 | 2,272 | 22 | 234 | 95 |
| 30 Sep 21 | 2,035 | 32 | 212 | 103 |
| 30 Jun 21 | 2,085 | 143 | 233 | 101 |
| 31 Mar 21 | 2,104 | 223 | 257 | 98 |
| 31 Dec 20 | 1,932 | 215 | 235 | 95 |
| 30 Sep 20 | 1,706 | 235 | 247 | 87 |
| 30 Jun 20 | 1,331 | 181 | 209 | 78 |
| 31 Mar 20 | 1,074 | 136 | 178 | 75 |
| 31 Dec 19 | 1,066 | 140 | 174 | 74 |
| 30 Sep 19 | 911 | 110 | 162 | 66 |
| 30 Jun 19 | 1,018 | 100 | 143 | 67 |
| 31 Mar 19 | 1,003 | 97 | 140 | 63 |
| 31 Dec 18 | 928 | 80 | 130 | 55 |
| 30 Sep 18 | 842 | 55 | 101 | 45 |
| 30 Jun 18 | 644 | 45 | 89 | 55 |
| 31 Mar 18 | 563 | 30 | 80 | 42 |
| 31 Dec 17 | 550 | 44 | 83 | 35 |
| 30 Sep 17 | 552 | 64 | 95 | 21 |
| 30 Jun 17 | 547 | 72 | 103 | 0 |
| 31 Mar 17 | 571 | 77 | 112 | 0 |
| 31 Dec 16 | 594 | 83 | 111 | 0 |
| 30 Sep 16 | 630 | 92 | 113 | 0 |
| 30 Jun 16 | 669 | 102 | 113 | 0 |
| 31 Mar 16 | 704 | 112 | 115 | 0 |
| 31 Dec 15 | 727 | 113 | 114 | 0 |
| 30 Sep 15 | 723 | 113 | 105 | 0 |
| 30 Jun 15 | 682 | 106 | 101 | 0 |
| 31 Mar 15 | 618 | 92 | 91 | 0 |
| 31 Dec 14 | 527 | 70 | 85 | 0 |
| 30 Sep 14 | 444 | 60 | 75 | 0 |
| 30 Jun 14 | 383 | 47 | 72 | 0 |
| 31 Mar 14 | 333 | 41 | 64 | 0 |
| 31 Dec 13 | 321 | 40 | 62 | 0 |
| 30 Sep 13 | 294 | 36 | 54 | 0 |
| 30 Jun 13 | 274 | 34 | 53 | 0 |
Quality Earnings: 002669 has a large one-off gain of CN¥24.6M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: 002669's current net profit margins (0.8%) are lower than last year (1.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002669's earnings have declined by 27.6% per year over the past 5 years.
Accelerating Growth: 002669's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 002669 had negative earnings growth (-53.1%) over the past year, making it difficult to compare to the Chemicals industry average (-20.1%).
Return on Equity
High ROE: 002669's Return on Equity (0.8%) is considered low.