Renxin New MaterialLtd Past Earnings Performance
Past criteria checks 0/6
Renxin New MaterialLtd's earnings have been declining at an average annual rate of -42.8%, while the Chemicals industry saw earnings growing at 6.2% annually. Revenues have been declining at an average rate of 9.8% per year. Renxin New MaterialLtd's return on equity is 3.6%, and it has net margins of 2.8%.
Key information
-42.8%
Earnings growth rate
-48.9%
EPS growth rate
| Chemicals Industry Growth | 12.1% |
| Revenue growth rate | -9.8% |
| Return on equity | 3.6% |
| Net Margin | 2.8% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
How Renxin New MaterialLtd makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 2,023 | 56 | 22 | 5 |
| 31 Mar 24 | 1,953 | 48 | 22 | 5 |
| 31 Dec 23 | 1,979 | 56 | 19 | 5 |
| 30 Sep 23 | 2,157 | 54 | 16 | 5 |
| 30 Jun 23 | 2,244 | 73 | 16 | 5 |
| 31 Mar 23 | 2,350 | 81 | 13 | 5 |
| 01 Jan 23 | 2,441 | 94 | 15 | 4 |
| 31 Dec 21 | 1,698 | 134 | 18 | 5 |
| 31 Dec 20 | 1,113 | 170 | 17 | 7 |
| 31 Dec 18 | 1,353 | 67 | 15 | 2 |
| 31 Dec 17 | 1,124 | 43 | 11 | 1 |
| 31 Dec 16 | 819 | 14 | 7 | 1 |
Quality Earnings: 301395 has a high level of non-cash earnings.
Growing Profit Margin: 301395's current net profit margins (2.8%) are lower than last year (3.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 301395's earnings have declined by 42.8% per year over the past 5 years.
Accelerating Growth: 301395's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 301395 had negative earnings growth (-23.4%) over the past year, making it difficult to compare to the Chemicals industry average (-4.8%).
Return on Equity
High ROE: 301395's Return on Equity (3.6%) is considered low.