SolaX Power Network Technology (Zhejiang) Second Quarter 2024 Earnings: EPS: CN¥0.43 (vs CN¥0.36 in 2Q 2023)

Simply Wall St · 09/01 00:24

SolaX Power Network Technology (Zhejiang) (SHSE:688717) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥899.3m (up 48% from 2Q 2023).
  • Net income: CN¥69.0m (up 61% from 2Q 2023).
  • Profit margin: 7.7% (up from 7.1% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.43 (up from CN¥0.36 in 2Q 2023).
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SHSE:688717 Earnings and Revenue Growth September 1st 2024

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

SolaX Power Network Technology (Zhejiang) Earnings Insights

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for SolaX Power Network Technology (Zhejiang) (of which 2 shouldn't be ignored!) you should know about.