China General Plastics Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 18, 2024

China General Plastics (TWSE:1305) Third Quarter 2024 Results

Key Financial Results

Revenue: NT$2.56b (down 24% from 3Q 2023).
Net loss: NT$411.5m (down by 379% from NT$147.4m profit in 3Q 2023).
NT$0.71 loss per share (down from NT$0.25 profit in 3Q 2023).

earnings-and-revenue-growth — TWSE:1305 Earnings and Revenue Growth November 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

China General Plastics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Chemicals industry in Taiwan.

Performance of the Taiwanese Chemicals industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - China General Plastics has 1 warning sign we think you should be aware of.

New: AI Stock Screener & Alerts

Our new AI Stock Screener scans the market every day to uncover opportunities.

• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies

Or build your own from over 50 metrics.

Explore Now for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.