Ming Yang Smart Energy Group Second Quarter 2024 Earnings: EPS: CN¥0.16 (vs CN¥0.39 in 2Q 2023)

Ming Yang Smart Energy Group (SHSE:601615) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.72b (down 14% from 2Q 2023).
• Net income: CN¥356.5m (down 60% from 2Q 2023).
• Profit margin: 5.3% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.16 (down from CN¥0.39 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ming Yang Smart Energy Group Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Ming Yang Smart Energy Group (2 don't sit too well with us!) that you need to take into consideration.

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