Xinyi Energy Holdings (HKG:3868) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥2.44b (down 3.1% from FY 2023).
- Net income: CN¥790.9m (down 20% from FY 2023).
- Profit margin: 32% (down from 39% in FY 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: CN¥0.095 (down from CN¥0.13 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Xinyi Energy Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.4%.
In the last 12 months, the only revenue segment was Management and Operation of Solar Farms contributing CN¥2.44b. The most substantial expense, totaling CN¥776.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 3868's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Renewable Energy industry in Hong Kong.
Performance of the Hong Kong Renewable Energy industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Xinyi Energy Holdings (1 shouldn't be ignored!) that we have uncovered.
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