Investing.com - Yunnan Chuangxin New Material reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Yunnan Chuangxin New Material announced earnings per share of ¥1.35 on revenue of ¥3.52. Analysts polled by Investing.com anticipated EPS of ¥1.36 on revenue of ¥3.48B.
Yunnan Chuangxin New Material shares are down 16.97% from the beginning of the year , still down 49.14% from its 52 week high of ¥301.66 set on Thursday, October 28, 2021.
Yunnan Chuangxin New Material shares lost 3.39% in intra-day trade the report.
Yunnan Chuangxin New Material follows other major Materials sector earnings this month
Yunnan Chuangxin New Material's report follows an earnings missed by Wanhua Chemical on Tuesday, who reported EPS of ¥1.03 on revenue of ¥41.30B, compared to forecasts EPS of ¥1.65 on revenue of ¥43.38B.
Rongsheng A had missed expectations on Wednesday with third quarter EPS of ¥0.01 on revenue of ¥77.49B, compared to forecast for EPS of ¥0.3396 on revenue of ¥75.49B.
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