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XTC New Energy Materials(Xiamen)Ltd Full Year 2024 Earnings: Misses Expectations
XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥13.3b (down 23% from FY 2023).
- Net income: CN¥497.4m (down 5.7% from FY 2023).
- Profit margin: 3.7% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥1.18 (down from CN¥1.25 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
XTC New Energy Materials(Xiamen)Ltd Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 20% 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 shares are up 2.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for XTC New Energy Materials(Xiamen)Ltd that you should be aware of.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About SHSE:688778
XTC New Energy Materials(Xiamen)Ltd
XTC New Energy Materials(Xiamen) Co.,Ltd.
Flawless balance sheet with solid track record.
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Trending Discussion
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StevenM on Excellon Resources ·
Interesting analysis, but the price trajectory assumed for the baseline metals is problematic. These assumptions form the foundation for the entire case, and when compared against historical pricing, don’t appear to be grounded in any reasonable precedent. Even accounting for past commodity super-cycles, inflationary periods, or supply constraints, the forecasted pricing for gold, silver, zinc, and lead are well outside what history would suggest is plausible over comparable timeframes. That creates a fragile premise as the conclusions are driven by aggressive inputs rather than underlying market behavior that is realistic. The analysis would be materially stronger if the price assumptions were anchored to historical ranges and prior cycle peaks, with explicit rationale where the model intentionally departs from those patterns. As it stands, the trajectory feels more aspirational than analytical.
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