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- SHSE:600206
Grinm Advanced Materials Second Quarter 2024 Earnings: EPS: CN¥0.032 (vs CN¥0.016 in 2Q 2023)
Grinm Advanced Materials (SHSE:600206) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.28b (down 13% from 2Q 2023).
- Net income: CN¥40.4m (up 187% from 2Q 2023).
- Profit margin: 1.8% (up from 0.5% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.032 (up from CN¥0.016 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grinm Advanced Materials Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.
Performance of the Chinese Semiconductor industry.
The company's shares are down 1.7% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Grinm Advanced Materials that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SHSE:600206
Grinm Advanced Materials
Engages in the research and development, manufacture, and sale of advanced materials in the nonferrous metals industry in China.
Solid track record with adequate balance sheet.