Goldwind Science&Technology Full Year 2024 Earnings: Misses Expectations

Goldwind Science&Technology (SZSE:002202) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥56.5b (up 12% from FY 2023).
• Net income: CN¥1.77b (up 46% from FY 2023).
• Profit margin: 3.1% (up from 2.4% in FY 2023).
• EPS: CN¥0.42 (up from CN¥0.29 in FY 2023).

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

Goldwind Science&Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 26%.

The primary driver behind last 12 months revenue was the Wind Turbine Generator Manufacturing and Sale segment contributing a total revenue of CN¥44.8b (79% of total revenue). Notably, cost of sales worth CN¥48.8b amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥5.32b (75% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥1.18b. Explore how 002202's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Goldwind Science&Technology has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

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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.