Goldwind Science And Technology Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Goldwind Science And Technology (SZSE:002202) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥13.2b (down 2.0% from 2Q 2023).
• Net income: CN¥1.05b (up from CN¥36.4m loss in 2Q 2023).
• Profit margin: 8.0% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.
• EPS: CN¥0.26 (up from CN¥0.009 loss in 2Q 2023).

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

Goldwind Science And Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 172%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Goldwind Science And Technology (including 1 which makes us a bit uncomfortable).

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