China Power International Development (HKG:2380) First Half 2024 Results
Key Financial Results
- Revenue: CN¥27.2b (up 24% from 1H 2023).
- Net income: CN¥2.57b (up 53% from 1H 2023).
- Profit margin: 9.5% (up from 7.7% in 1H 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.21 (up from CN¥0.14 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Power International Development Earnings Insights
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Renewable Energy industry in Hong Kong.
Performance of the Hong Kong Renewable Energy industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - China Power International Development has 2 warning signs (and 1 which can't be ignored) we think you should know about.
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