Sinolong New Materials Past Earnings Performance
Past criteria checks 1/6
Sinolong New Materials's earnings have been declining at an average annual rate of -23.3%, while the Chemicals industry saw earnings growing at 4.9% annually. Revenues have been growing at an average rate of 6.9% per year. Sinolong New Materials's return on equity is 6.7%, and it has net margins of 6.4%.
Key information
-23.3%
Earnings growth rate
-23.9%
EPS growth rate
| Chemicals Industry Growth | 12.1% |
| Revenue growth rate | 6.9% |
| Return on equity | 6.7% |
| Net Margin | 6.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Sinolong New Materials 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 Sep 24 | 2,469 | 158 | 89 | 80 |
| 30 Jun 24 | 2,453 | 190 | 90 | 80 |
| 31 Mar 24 | 2,403 | 198 | 90 | 78 |
| 31 Dec 23 | 2,352 | 206 | 89 | 77 |
| 31 Dec 22 | 2,297 | 285 | 83 | 70 |
| 31 Dec 21 | 1,994 | 298 | 73 | 65 |
Quality Earnings: 301565 has high quality earnings.
Growing Profit Margin: 301565's current net profit margins (6.4%) are lower than last year (9.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 301565's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: 301565's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 301565 had negative earnings growth (-30.1%) over the past year, making it difficult to compare to the Chemicals industry average (-5.3%).
Return on Equity
High ROE: 301565's Return on Equity (6.7%) is considered low.