CNGR Advanced MaterialLtd Third Quarter 2024 Earnings: EPS: CN¥0.49 (vs CN¥0.66 in 3Q 2023)

CNGR Advanced MaterialLtd (SZSE:300919) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥10.1b (up 13% from 3Q 2023).
• Net income: CN¥459.5m (down 26% from 3Q 2023).
• Profit margin: 4.6% (down from 6.9% in 3Q 2023).
• EPS: CN¥0.49 (down from CN¥0.66 in 3Q 2023).

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

CNGR Advanced MaterialLtd Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for CNGR Advanced MaterialLtd you should be aware of, and 1 of them is significant.

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