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- SHSE:600021
Shanghai Electric Power Third Quarter 2024 Earnings: EPS: CN¥0.35 (vs CN¥0.25 in 3Q 2023)
Shanghai Electric Power (SHSE:600021) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥12.4b (up 11% from 3Q 2023).
- Net income: CN¥1.29b (up 85% from 3Q 2023).
- Profit margin: 10% (up from 6.2% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.35 (up from CN¥0.25 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Electric Power Earnings Insights
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China.
Performance of the Chinese Renewable Energy industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Shanghai Electric Power (1 makes us a bit uncomfortable!) 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.
About SHSE:600021
Shanghai Electric Power
Engages in the power generation of integrated clean and smart energy technology in China and internationally.
Solid track record and good value.