Stock Analysis

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

SHSE:601615
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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).
earnings-and-revenue-growth
SHSE:601615 Earnings and Revenue Growth September 3rd 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.