Hoymiles Power Electronics Full Year 2024 Earnings: Misses Expectations

Hoymiles Power Electronics (SHSE:688032) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥2.03b (flat on FY 2023).
• Net income: CN¥346.8m (down 32% from FY 2023).
• Profit margin: 17% (down from 25% in FY 2023).
• EPS: CN¥2.82 (down from CN¥4.13 in FY 2023).

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

Hoymiles Power Electronics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 2 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 1 warning sign for Hoymiles Power Electronics that you need to take into consideration.

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