Global New Material International Holdings (HKG:6616) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥1.65b (up 55% from FY 2023).
- Net income: CN¥242.2m (up 33% from FY 2023).
- Profit margin: 15% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.19 (up from CN¥0.15 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Global New Material International Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Chemicals industry in Hong Kong.
Performance of the Hong Kong Chemicals industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its 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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