China Datang Corporation Renewable Power (HKG:1798) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥2.46b (down 1.5% from 3Q 2023).
- Net income: CN¥334.9m (down 29% from 3Q 2023).
- Profit margin: 14% (down from 19% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: CN¥0.028 (down from CN¥0.035 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Datang Corporation Renewable Power Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Renewable Energy industry in Hong Kong.
Performance of the Hong Kong Renewable Energy industry.
The company's shares are down 4.3% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with China Datang Corporation Renewable Power (including 1 which doesn't sit too well with us).
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