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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