GoodWe Technologies Past Earnings Performance
Past criteria checks 1/6
GoodWe Technologies has been growing earnings at an average annual rate of 46.8%, while the Electrical industry saw earnings growing at 12.3% annually. Revenues have been growing at an average rate of 48.2% per year. GoodWe Technologies's return on equity is 16.7%, and it has net margins of 7.2%.
Key information
46.8%
Earnings growth rate
41.7%
EPS growth rate
| Electrical Industry Growth | 14.0% |
| Revenue growth rate | 48.2% |
| Return on equity | 16.7% |
| Net Margin | 7.2% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
GoodWe Technologies (SHSE:688390) Might Be Having Difficulty Using Its Capital Effectively
Jun 14
GoodWe Technologies (SHSE:688390) Takes On Some Risk With Its Use Of Debt
May 24Why GoodWe Technologies' (SHSE:688390) Soft Earnings Are Just The Beginning Of Its Problems
May 02GoodWe Technologies Co., Ltd.'s (SHSE:688390) Prospects Need A Boost To Lift Shares
Mar 15Revenue & Expenses Breakdown
How GoodWe Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 6,760 | 487 | 810 | 501 |
| 31 Dec 23 | 7,353 | 852 | 795 | 463 |
| 30 Sep 23 | 7,445 | 1,267 | 729 | 432 |
| 30 Jun 23 | 7,072 | 1,335 | 699 | 401 |
| 31 Mar 23 | 5,780 | 976 | 630 | 371 |
| 31 Dec 22 | 4,710 | 649 | 561 | 340 |
| 30 Sep 22 | 3,875 | 340 | 501 | 314 |
| 30 Jun 22 | 3,043 | 181 | 432 | 265 |
| 31 Mar 22 | 2,883 | 219 | 377 | 223 |
| 31 Dec 21 | 2,678 | 280 | 324 | 184 |
| 30 Sep 21 | 2,267 | 279 | 285 | 155 |
| 30 Jun 21 | 2,088 | 295 | 245 | 126 |
| 31 Mar 21 | 1,811 | 293 | 214 | 106 |
| 31 Dec 20 | 1,589 | 260 | 194 | 91 |
| 30 Sep 20 | 1,268 | 224 | 188 | 70 |
| 30 Jun 20 | 1,110 | 185 | 181 | 65 |
| 31 Mar 20 | 956 | 123 | 184 | 58 |
| 31 Dec 19 | 945 | 103 | 195 | 57 |
| 31 Dec 18 | 835 | 56 | 150 | 51 |
| 31 Dec 17 | 1,050 | 53 | 221 | 33 |
| 30 Sep 17 | 881 | 110 | 154 | 0 |
| 30 Jun 17 | 711 | 96 | 126 | 0 |
| 31 Mar 17 | 568 | 74 | 108 | 0 |
| 31 Dec 16 | 425 | 51 | 88 | 0 |
| 30 Sep 16 | 336 | 37 | 77 | 0 |
| 30 Jun 16 | 248 | 24 | 72 | 0 |
| 31 Mar 16 | 204 | 17 | 62 | 0 |
| 31 Dec 15 | 161 | 9 | 49 | 0 |
| 31 Dec 14 | 104 | 2 | 35 | 0 |
Quality Earnings: 688390 has a high level of non-cash earnings.
Growing Profit Margin: 688390's current net profit margins (7.2%) are lower than last year (16.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 688390's earnings have grown significantly by 46.8% per year over the past 5 years.
Accelerating Growth: 688390's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 688390 had negative earnings growth (-50.1%) over the past year, making it difficult to compare to the Electrical industry average (0.6%).
Return on Equity
High ROE: 688390's Return on Equity (16.7%) is considered low.