Sichuan Guoguang Agrochemical Second Quarter 2024 Earnings: EPS: CN¥0.31 (vs CN¥0.26 in 2Q 2023)

Sichuan Guoguang Agrochemical (SZSE:002749) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥676.4m (up 9.3% from 2Q 2023).
• Net income: CN¥149.6m (up 31% from 2Q 2023).
• Profit margin: 22% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.31 (up from CN¥0.26 in 2Q 2023).

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

Sichuan Guoguang Agrochemical Earnings Insights

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

Before you take the next step you should know about the 2 warning signs for Sichuan Guoguang Agrochemical that we have uncovered.

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