Hefei Kewell Power SystemLtd Full Year 2024 Earnings: Misses Expectations

Hefei Kewell Power SystemLtd (SHSE:688551) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥478.3m (down 9.6% from FY 2023).
• Net income: CN¥49.1m (down 58% from FY 2023).
• Profit margin: 10% (down from 22% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: CN¥0.59 (down from CN¥1.45 in FY 2023).

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

Hefei Kewell Power SystemLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Hefei Kewell Power SystemLtd that you need to take into consideration.

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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.