Stock Analysis

CSI Solar Third Quarter 2024 Earnings: Beats Expectations

SHSE:688472
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CSI Solar (SHSE:688472) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥12.2b (down 6.1% from 3Q 2023).
  • Net income: CN¥715.6m (down 22% from 3Q 2023).
  • Profit margin: 5.9% (down from 7.0% in 3Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.19 (down from CN¥0.25 in 3Q 2023).
earnings-and-revenue-growth
SHSE:688472 Earnings and Revenue Growth October 31st 2024

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

CSI Solar Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 20% 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 down 2.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for CSI Solar (1 is significant) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.