Canmax Technologies Third Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.53 in 3Q 2023)

Canmax Technologies (SZSE:300390) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.74b (down 23% from 3Q 2023).
• Net income: CN¥88.4m (down 80% from 3Q 2023).
• Profit margin: 5.1% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.10 (down from CN¥0.53 in 3Q 2023).

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

Canmax Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 42% 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 shares are down 1.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Canmax Technologies (2 make us uncomfortable!) that you need to be mindful of.

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