CGN New Energy Holdings (HKG:1811) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.95b (down 11% from FY 2023).
- Net income: US$248.0m (down 7.3% from FY 2023).
- Profit margin: 13% (in line with FY 2023).
- EPS: US$0.058 (down from US$0.062 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CGN New Energy Holdings Revenues Disappoint
Revenue missed analyst estimates by 11%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Renewable Energy industry in Hong Kong.
Performance of the Hong Kong Renewable Energy industry.
The company's shares are down 4.5% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with CGN New Energy Holdings (at least 1 which can't be ignored), and understanding them should be part of your investment process.
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