Stock Analysis
Sunresin New MaterialsLtd Third Quarter 2024 Earnings: Misses Expectations
Sunresin New MaterialsLtd (SZSE:300487) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥597.2m (up 4.9% from 3Q 2023).
- Net income: CN¥192.3m (up 12% from 3Q 2023).
- Profit margin: 32% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.38 (up from CN¥0.34 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sunresin New MaterialsLtd Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 27%.
Looking ahead, revenue is forecast to grow 21% 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 3.5% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Sunresin New MaterialsLtd (1 is potentially serious!) that you should be aware of before investing here.
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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.
About SZSE:300487
Sunresin New MaterialsLtd
Engages in the research and development, production, and sales of adsorption and separation materials, and exchange separation system devices in China.