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).
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.
Valuation is complex, but we're here to simplify it.
Discover if Goldwind Science&Technology might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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