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Investors Aren't Buying Lee & Man Chemical Company Limited's (HKG:746) Earnings
Brokerage morning meeting highlights: In the first quarter, the profitability of the mid-stream chemical sector is bottoming out, while the downstream is gradually recovering.
At today's Brokerage morning meeting, HTSC stated that profits in the midstream of the chemical industry are bottoming out in the first quarter, while the downstream is gradually recovering; Sinolink suggested paying attention to the new agile hand supply chain released by Yushu; China Securities Co., Ltd. believes that with the optimization of deposit costs in 2025, the decline in interest spreads in the Banking industry is expected to narrow.
L & M CHEMICAL: 2024 Annual Report
L & M CHEMICAL (00746) fell 6.43% after performance. The atmosphere in the domestic manufacturing industry continues to remain cautious. Revenue from the chemical Business declined by 1.5%.
King Wo Financial News | L & M CHEMICAL (00746) stock price plummeted after the earnings report, reaching a one-month low. As of the time of reporting, it has dropped 6.43% to HKD 3.93, with a trading volume of HKD 2.76 million. In terms of news, L & M CHEMICAL (00746) announced its annual performance for the year ending December 31, 2024. The company's net profit attributable to owners is HKD 0.482 billion, a year-on-year increase of 20.37%; the basic earnings per share are HKD 0.585, compared to HKD 0.486 in the same period last year. A final dividend of HKD 0.15 per share is proposed. During the period, the group's total revenue is HKD 3.951 billion, a year-on-year decrease of 2.46%.
L & M CHEMICAL (00746.HK) reported a profit increase of 20.4% to 0.482 billion HKD for the fiscal year 2024, with a final dividend of 15 HKD cents per share.
On March 6, Glonghui announced the annual results of L & M CHEMICAL (00746.HK) for the year ending December 31, 2024. The group recorded total revenue of 3.951 billion HKD, a year-on-year decrease of 2.5%, while the annual profit was 0.482 billion HKD, an increase of 20.4% year-on-year. The gross margin of the chemical business increased by 3.4 percentage points year-on-year to 29.4%; the group's net income margin also rose by 2.3 percentage points year-on-year to 12.2%. In the chemical business, changes in the geopolitical situation and a high-interest-rate environment have led to a continued cautious sentiment in domestic manufacturing. The price trend of the group's chemical products developed unevenly but overall...
Express News | Lee & Man Chemical Co Ltd - Proposed Final Dividend of HK15 Cents per Share
