Hoyuan Green Energy Second Quarter 2024 Earnings: CN¥2.12 loss per share (vs CN¥0.60 profit in 2Q 2023)

Simply Wall St · 09/01 00:37

Hoyuan Green Energy (SHSE:603185) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.82b (down 50% from 2Q 2023).
  • Net loss: CN¥1.02b (down by 399% from CN¥340.3m profit in 2Q 2023).
  • CN¥2.12 loss per share (down from CN¥0.60 profit in 2Q 2023).
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SHSE:603185 Earnings and Revenue Growth September 1st 2024

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

Hoyuan Green Energy Earnings Insights

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 7.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Hoyuan Green Energy (1 can't be ignored!) that we have uncovered.