Titan Wind Energy (Suzhou)Ltd Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 00:59

Titan Wind Energy (Suzhou)Ltd (SZSE:002531) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.21b (down 59% from 2Q 2023).
  • Net income: CN¥67.6m (down 82% from 2Q 2023).
  • Profit margin: 5.6% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.038 (down from CN¥0.21 in 2Q 2023).
earnings-and-revenue-growth
SZSE:002531 Earnings and Revenue Growth September 1st 2024

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

Titan Wind Energy (Suzhou)Ltd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 71%. Earnings per share (EPS) also missed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 33% 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 4.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Titan Wind Energy (Suzhou)Ltd (1 is potentially serious!) that you need to be mindful of.