Concord New Energy Group (HKG:182) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥2.75b (up 6.3% from FY 2023).
- Net income: CN¥805.1m (down 8.2% from FY 2023).
- Profit margin: 29% (down from 34% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.10 (down from CN¥0.10 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Concord New Energy Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Renewable Energy industry in Hong Kong.
Performance of the Hong Kong Renewable Energy industry.
The company's shares are down 3.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Concord New Energy Group you should be aware of, and 1 of them makes us a bit uncomfortable.
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