CECEP Wind-power CorporationLtd Second Quarter 2024 Earnings: EPS: CN¥0.068 (vs CN¥0.075 in 2Q 2023)

Simply Wall St · 08/30 22:47

CECEP Wind-power CorporationLtd (SHSE:601016) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.32b (down 5.7% from 2Q 2023).
  • Net income: CN¥441.2m (down 9.4% from 2Q 2023).
  • Profit margin: 34% (down from 35% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.068 (down from CN¥0.075 in 2Q 2023).
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SHSE:601016 Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

CECEP Wind-power CorporationLtd Earnings Insights

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in China.

Performance of the Chinese Renewable Energy industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for CECEP Wind-power CorporationLtd (1 is concerning!) that you should be aware of before investing here.