Huaneng Power International (HKG:902) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥65.6b (flat on 3Q 2023).
- Net income: CN¥4.42b (down 43% from 3Q 2023).
- Profit margin: 6.7% (down from 12% in 3Q 2023).
- EPS: CN¥0.16 (down from CN¥0.30 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Huaneng Power International Earnings Insights
Looking ahead, revenue is forecast to grow 2.0% 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 shares are down 8.0% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Huaneng Power International (at least 1 which is a bit unpleasant), and understanding them should be part of your investment process.
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