China Three Gorges Renewables (Group)Ltd Second Quarter 2024 Earnings: EPS: CN¥0.056 (vs CN¥0.073 in 2Q 2023)

Simply Wall St · 09/01 00:38

China Three Gorges Renewables (Group)Ltd (SHSE:600905) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥7.16b (up 4.5% from 2Q 2023).
  • Net income: CN¥1.62b (down 22% from 2Q 2023).
  • Profit margin: 23% (down from 30% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.056 (down from CN¥0.073 in 2Q 2023).
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SHSE:600905 Earnings and Revenue Growth September 1st 2024

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

China Three Gorges Renewables (Group)Ltd Earnings Insights

Looking ahead, revenue is forecast to grow 13% 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 1.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for China Three Gorges Renewables (Group)Ltd (1 is a bit unpleasant) you should be aware of.