Jiangsu Shuangxing Color Plastic New Materials (SZSE:002585) second quarter 2024 results
Key financial results
- Sales: CN¥1.45 billion (up 13% from Q2 2023).
- Net loss: CN¥78.6 million (a decrease of 400% from profit of CN¥26.2 million in Q2 2023).
- Loss of CN¥0.069 per share (compared to a profit of CN¥0.025 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Insights into the earnings of Jiangsu Shuangxing Color Plastic New Materials
An average sales growth of 17% per annum is expected for the next two years. In contrast, growth of 15% is forecast for the packaging industry in China.
Performance of Chinese packaging industry.
The company’s shares rose 1.2 percent compared to the previous week.
Risk analysis
You should always think about the risks. A typical example: We have 1 warning sign for Jiangsu Shuangxing Color Plastic New Materials You should be aware.
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