Huaneng Lancang River Hydropower Second Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.16 in 2Q 2023)

Huaneng Lancang River Hydropower (SHSE:600025) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥7.46b (up 33% from 2Q 2023).
• Net income: CN¥3.10b (up 32% from 2Q 2023).
• Profit margin: 42% (in line with 2Q 2023).
• EPS: CN¥0.19 (up from CN¥0.16 in 2Q 2023).

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

Huaneng Lancang River Hydropower Earnings Insights

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in China.

Performance of the Chinese Renewable Energy industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Huaneng Lancang River Hydropower (1 shouldn't be ignored) you should be aware of.

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