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1907 — China Risun News Story

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Risun Group H1 revenue jumps, net loss narrows

Risun Group H1 revenue jumps, net loss narrows


Overview

  • China energy chemical firm's Binhai Energy H1 revenue rose 78.5% yr/yr

  • Net loss attributable to shareholders narrowed compared to last year

  • Basic EPS improved yr/yr for the reporting period


Outlook

  • Company did not provide specific guidance or outlook for future periods in the press release


Result Drivers

  • REVENUE GROWTH - Binhai Energy H1 revenue rose 78.5% yr/yr, but company did not specify drivers for the increase


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Operating Revenue

RMB 419.30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the commodity chemicals peer group is "buy."

  • Wall Street's median 12-month price target for China Risun Group Ltd is HK$3.13, about 57.7% above its August 7 closing price of HK$1.99

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 100 three months ago


Reuters Recommended Reads

  • Aug 7 - China Yuchai H1 profit rises on higher engine sales, gross margins

  • Aug 6 - Aemetis Q2 net loss narrows on higher ethanol sales, tax credits

  • Aug 6 - Valhi Q2 net income surges on Chemicals segment growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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