Anhui Xinbo Aluminum Third Quarter 2024 Earnings: CN¥0.066 loss per share (vs CN¥0.41 profit in 3Q 2023)

Anhui Xinbo Aluminum (SZSE:003038) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.02b (up 6.6% from 3Q 2023).
• Net loss: CN¥16.0m (down by 119% from CN¥83.4m profit in 3Q 2023).
• CN¥0.066 loss per share (down from CN¥0.41 profit in 3Q 2023).

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

Anhui Xinbo Aluminum Earnings Insights

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for Anhui Xinbo Aluminum (2 are concerning!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.