Yunnan Energy New Material First Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.73 in 1Q 2023)

Yunnan Energy New Material (SZSE:002812) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.33b (down 9.4% from 1Q 2023).
• Net income: CN¥158.1m (down 76% from 1Q 2023).
• Profit margin: 6.8% (down from 25% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: CN¥0.16 (down from CN¥0.73 in 1Q 2023).

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

Yunnan Energy New Material Earnings Insights

Looking ahead, revenue is forecast to grow 21% 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 shares are down 8.5% from a week ago.

Risk Analysis

Be aware that Yunnan Energy New Material is showing 3 warning signs in our investment analysis that you should know about...

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