Guangdong Electric Power Development Second Quarter 2024 Earnings: EPS: CN¥0.15 (vs CN¥0.15 in 2Q 2023)

Simply Wall St · 09/01 01:56

Guangdong Electric Power Development (SZSE:000539) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥13.3b (down 13% from 2Q 2023).
  • Net income: CN¥776.7m (up 1.1% from 2Q 2023).
  • Profit margin: 5.8% (up from 5.0% in 2Q 2023).
  • EPS: CN¥0.15 (up from CN¥0.15 in 2Q 2023).
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SZSE:000539 Earnings and Revenue Growth September 1st 2024

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

Guangdong Electric Power Development Earnings Insights

Looking ahead, revenue is forecast to grow 6.4% 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 up 3.1% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Guangdong Electric Power Development (1 makes us a bit uncomfortable!) that you should be aware of before investing here.