Xinxiang Richful Lube AdditiveLtd Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Xinxiang Richful Lube AdditiveLtd (SZSE:300910) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥800.4m (down 1.7% from 3Q 2023).
• Net income: CN¥181.2m (down 9.8% from 3Q 2023).
• Profit margin: 23% (down from 25% in 3Q 2023).
• EPS: CN¥0.64 (down from CN¥0.70 in 3Q 2023).

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

Xinxiang Richful Lube AdditiveLtd Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 3.0%.

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 up 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Xinxiang Richful Lube AdditiveLtd (1 shouldn't be ignored!) that you need to take into consideration.

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