GoodWe Technologies (SHSE:688390) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥6.74b (down 8.4% from FY 2023).
- Net loss: CN¥63.1m (down by 107% from CN¥852.1m profit in FY 2023).
- CN¥0.26 loss per share (down from CN¥3.53 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GoodWe Technologies Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 18%. Earnings per share (EPS) was also behind analyst expectations.
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
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