Guangdong Tianhe Agricultural Means of Production Past Earnings Performance
Past criteria checks 1/6
Guangdong Tianhe Agricultural Means of Production has been growing earnings at an average annual rate of 4.9%, while the Chemicals industry saw earnings growing at 8.4% annually. Revenues have been growing at an average rate of 14% per year. Guangdong Tianhe Agricultural Means of Production's return on equity is 5.7%, and it has net margins of 0.6%.
Key information
4.9%
Earnings growth rate
-2.3%
EPS growth rate
| Chemicals Industry Growth | 12.1% |
| Revenue growth rate | 14.0% |
| Return on equity | 5.7% |
| Net Margin | 0.6% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Guangdong Tianhe Agricultural Means of Production 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 | 14,850 | 95 | 628 | 4 |
| 31 Dec 23 | 15,511 | 100 | 657 | 4 |
| 30 Sep 23 | 13,395 | 76 | 597 | 7 |
| 30 Jun 23 | 13,670 | 78 | 567 | 6 |
| 31 Mar 23 | 14,452 | 104 | 643 | 4 |
| 31 Dec 22 | 14,504 | 106 | 696 | 4 |
| 30 Sep 22 | 16,487 | 105 | 661 | 3 |
| 30 Jun 22 | 15,995 | 114 | 777 | 2 |
| 31 Mar 22 | 14,178 | 102 | 779 | 2 |
| 31 Dec 21 | 13,000 | 98 | 706 | 2 |
| 30 Sep 21 | 12,307 | 92 | 790 | 1 |
| 30 Jun 21 | 11,367 | 81 | 692 | 1 |
| 31 Mar 21 | 10,598 | 80 | 617 | 1 |
| 31 Dec 20 | 10,037 | 80 | 584 | 1 |
| 30 Sep 20 | 9,363 | 117 | 508 | 1 |
| 30 Jun 20 | 9,306 | 80 | 761 | 2 |
| 31 Mar 20 | 8,839 | 55 | 638 | 2 |
| 31 Dec 19 | 9,012 | 77 | 507 | 2 |
| 30 Jun 19 | 8,015 | 75 | 220 | 1 |
| 31 Mar 19 | 7,603 | 83 | 363 | 2 |
| 31 Dec 18 | 7,191 | 91 | 506 | 3 |
| 30 Jun 18 | 6,783 | 90 | 536 | 7 |
| 31 Mar 18 | 6,333 | 74 | 498 | 6 |
| 31 Dec 17 | 5,882 | 63 | 445 | 5 |
| 31 Mar 17 | 5,516 | 78 | 407 | 0 |
| 31 Dec 16 | 5,268 | 27 | 381 | 3 |
| 31 Dec 15 | 6,428 | 58 | 404 | 0 |
| 31 Dec 14 | 6,095 | 68 | 365 | 0 |
| 31 Dec 13 | 5,595 | 47 | 310 | 0 |
Quality Earnings: 002999 has a large one-off loss of CN¥64.9M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: 002999's current net profit margins (0.6%) are lower than last year (0.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002999's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: 002999's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 002999 had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Chemicals industry average (-19.5%).
Return on Equity
High ROE: 002999's Return on Equity (5.7%) is considered low.