Ningxia Baofeng Energy Group Full Year 2024 Earnings: Misses Expectations

Ningxia Baofeng Energy Group (SHSE:600989) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥33.0b (up 13% from FY 2023).
• Net income: CN¥6.34b (up 12% from FY 2023).
• Profit margin: 19% (in line with FY 2023).
• EPS: CN¥0.87 (up from CN¥0.77 in FY 2023).

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

Ningxia Baofeng Energy Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 4.3%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Ningxia Baofeng Energy Group's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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