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Year on year Red Avenue New Materials Group Co Ltd grew revenues 17.74% from 2.50bn to 2.94bn while net income improved 36.37% from 298.15m to 406.60m.
| Gross margin | 23.73% |
|---|---|
| Net profit margin | 16.21% |
| Operating margin | 13.74% |
| Return on assets | 6.84% |
|---|---|
| Return on equity | 15.38% |
| Return on investment | 9.46% |
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Cash flow in CNYView more
In 2023, Red Avenue New Materials Group Co Ltd increased its cash reserves by 78.46%, or 290.81m. The company earned 184.12m from its operations for a Cash Flow Margin of 6.26%. In addition the company generated 113.82m cash from investing, though they paid out 14.07m more in financing than they received.
| Cash flow per share | -- |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 5.37 |
|---|---|
| Tangible book value per share | 4.05 |
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Balance sheet in CNYView more
| Current ratio | 1.43 |
|---|---|
| Quick ratio | 1.21 |
| Total debt/total equity | 1.11 |
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| Total debt/total capital | 0.5192 |
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Growth rates in CNY
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 637.50% and 38.78%, respectively. The positive trend in dividend payments is noteworthy since only some companies in the Chemical Manufacturing industry pay a dividend. Additionally when measured on a five year annualized basis, dividend per share growth is above the industry average relative to its peers, while earnings per share growth is in-line with the industry average.
| Div yield(5 year avg) | 1.04% |
|---|---|
| Div growth rate (5 year) | 35.33% |
| Payout ratio (TTM) | 101.12% |
| EPS growth(5 years) | -1.68 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | 45.76 |
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