Zhejiang Power New Energy Third Quarter 2024 Earnings: CN¥0.66 loss per share (vs CN¥0.022 profit in 3Q 2023)

Zhejiang Power New Energy (SHSE:688184) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥175.3m (down 43% from 3Q 2023).
• Net loss: CN¥102.8m (down from CN¥3.83m profit in 3Q 2023).
• CN¥0.66 loss per share (down from CN¥0.022 profit in 3Q 2023).

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

Zhejiang Power New Energy Earnings Insights

Looking ahead, revenue is forecast to grow 24% 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.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Zhejiang Power New Energy's balance sheet and an in-depth analysis of the company's financial position.

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