Grinm Advanced Materials Third Quarter 2024 Earnings: EPS: CN¥0.087 (vs CN¥0.10 in 3Q 2023)

Simply Wall St

October 31, 2024

Grinm Advanced Materials (SHSE:600206) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥2.22b (down 17% from 3Q 2023).
Net income: CN¥73.7m (down 15% from 3Q 2023).
Profit margin: 3.3% (in line with 3Q 2023).
EPS: CN¥0.087 (down from CN¥0.10 in 3Q 2023).

earnings-and-revenue-history — SHSE:600206 Earnings and Revenue History October 31st 2024

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 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Grinm Advanced Materials, and understanding them should be part of your investment process.

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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.