Contemporary Amperex Technology Full Year 2024 Earnings: In Line With Expectations

Contemporary Amperex Technology (SZSE:300750) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥362.0b (down 9.7% from FY 2023).
• Net income: CN¥50.7b (up 15% from FY 2023).
• Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥11.58 (up from CN¥10.06 in FY 2023).

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

Contemporary Amperex Technology Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 14% 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 share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Contemporary Amperex Technology is showing 1 warning sign in our investment analysis that you should know about...

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