Snowsky Salt Industry Group CO.,LTD

XSSC:600929 Stock Report

Market Cap: CN¥9.3b

Snowsky Salt Industry GroupLTD Past Earnings Performance

Past criteria checks 2/6

Snowsky Salt Industry GroupLTD has been growing earnings at an average annual rate of 31.5%, while the Chemicals industry saw earnings growing at 4.9% annually. Revenues have been growing at an average rate of 20.8% per year. Snowsky Salt Industry GroupLTD's return on equity is 6.7%, and it has net margins of 9.1%.

Key information

31.5%

Earnings growth rate

24.5%

EPS growth rate

Chemicals Industry Growth12.1%
Revenue growth rate20.8%
Return on equity6.7%
Net Margin9.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Snowsky Salt Industry GroupLTD makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

XSSC:600929 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 245,998546849243
30 Jun 246,342704866222
31 Mar 246,316689824225
31 Dec 236,262709806230
30 Sep 236,170653716232
30 Jun 236,084641774247
31 Mar 236,448833767244
31 Dec 226,441769783240
30 Sep 226,415771812238
30 Jun 226,110699709214
31 Mar 225,352487689203
31 Dec 214,780402623188
30 Sep 215,132355571162
30 Jun 214,537290503138
31 Mar 214,019206462106
31 Dec 203,536192416103
30 Sep 202,18712645089
30 Jun 202,17012654087
31 Mar 202,17014860087
31 Dec 192,27214768888
30 Sep 192,19715369299
30 Jun 192,25214767395
31 Mar 192,34513969591
31 Dec 182,30314269091
30 Sep 182,32915466085
30 Jun 182,30215065795
31 Mar 182,21415066778
31 Dec 172,20415267063
31 Dec 162,1761398570
31 Dec 152,2592047860
31 Dec 142,2721657200

Quality Earnings: 600929 has high quality earnings.

Growing Profit Margin: 600929's current net profit margins (9.1%) are lower than last year (10.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 600929's earnings have grown significantly by 31.5% per year over the past 5 years.

Accelerating Growth: 600929's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600929 had negative earnings growth (-16.3%) over the past year, making it difficult to compare to the Chemicals industry average (-4.7%).


Return on Equity

High ROE: 600929's Return on Equity (6.7%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 18:28
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Snowsky Salt Industry Group CO.,LTD is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jing HuangChasing Securities
Xiaohan SunHaitong International Research Limited
Wende WuTianfeng Securities Brokerage Co., Ltd