TCL Zhonghuan Renewable Energy TechnologyLtd Second Quarter 2024 Earnings: Misses Expectations

TCL Zhonghuan Renewable Energy TechnologyLtd (SZSE:002129) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.28b (down 64% from 2Q 2023).
• Net loss: CN¥2.18b (down by 196% from CN¥2.28b profit in 2Q 2023).
• CN¥0.54 loss per share (down from CN¥0.57 profit in 2Q 2023).

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

TCL Zhonghuan Renewable Energy TechnologyLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are down 9.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for TCL Zhonghuan Renewable Energy TechnologyLtd you should know about.

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