Huaneng Power International (HKG:902) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥245.6b (down 3.5% from FY 2023).
- Net income: CN¥10.1b (up 83% from FY 2023).
- Profit margin: 4.1% (up from 2.2% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.46 (up from CN¥0.35 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Huaneng Power International EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 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 2.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Huaneng Power International (1 can't be ignored!) that you need to take into consideration.
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