Global New Material International Holdings (HKG:6616) First Half 2024 Results
Key Financial Results
- Revenue: CN¥774.6m (up 67% from 1H 2023).
- Net income: CN¥107.1m (up 26% from 1H 2023).
- Profit margin: 14% (down from 18% in 1H 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.086 (up from CN¥0.071 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Global New Material International Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Hong Kong.
Performance of the Hong Kong Chemicals industry.
The company's shares are down 1.3% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Global New Material International Holdings' balance sheet and an in-depth analysis of the company's financial position.
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