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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.
Valuation is complex, but we're here to simplify it.
Discover if TCL Zhonghuan Renewable Energy TechnologyLtd might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SZSE:002129
TCL Zhonghuan Renewable Energy TechnologyLtd
TCL Zhonghuan Renewable Energy Technology Co.,Ltd.