Zhejiang Zheneng Electric Power Second Quarter 2024 Earnings: EPS: CN¥0.15 (vs CN¥0.13 in 2Q 2023)

Simply Wall St · 09/01 00:03

Zhejiang Zheneng Electric Power (SHSE:600023) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥20.1b (down 16% from 2Q 2023).
  • Net income: CN¥2.11b (up 19% from 2Q 2023).
  • Profit margin: 11% (up from 7.3% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.15 (up from CN¥0.13 in 2Q 2023).
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SHSE:600023 Earnings and Revenue Growth September 1st 2024

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

Zhejiang Zheneng Electric Power Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% 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 shares are down 5.9% from a week ago.

Risk Analysis

Be aware that Zhejiang Zheneng Electric Power is showing 1 warning sign in our investment analysis that you should know about...