Tianneng Power International (HKG:819) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥76.7b (down 8.6% from FY 2023).
- Net income: CN¥1.14b (down 37% from FY 2023).
- Profit margin: 1.5% (down from 2.2% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥1.01 (down from CN¥1.62 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tianneng Power International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Auto Components industry in Hong Kong.
Performance of the Hong Kong Auto Components industry.
The company's shares are down 13% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Tianneng Power International, and understanding these should be part of your investment process.
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