LONGi Green Energy Technology Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

LONGi Green Energy Technology (SHSE:601012) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥20.1b (down 32% from 3Q 2023).
• Net loss: CN¥1.26b (down by 150% from CN¥2.52b profit in 3Q 2023).
• CN¥0.17 loss per share (down from CN¥0.33 profit in 3Q 2023).

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

LONGi Green Energy Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 48%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for LONGi Green Energy Technology that you should be aware of.

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