Zhejiang Provincial New Energy Investment Group Past Earnings Performance
Past criteria checks 2/6
Zhejiang Provincial New Energy Investment Group has been growing earnings at an average annual rate of 18.1%, while the Renewable Energy industry saw earnings growing at 6.8% annually. Revenues have been growing at an average rate of 19.7% per year. Zhejiang Provincial New Energy Investment Group's return on equity is 5.5%, and it has net margins of 14.6%.
Key information
18.1%
Earnings growth rate
15.3%
EPS growth rate
| Renewable Energy Industry Growth | 7.2% |
| Revenue growth rate | 19.7% |
| Return on equity | 5.5% |
| Net Margin | 14.6% |
| Last Earnings Update | 31 Mar 2024 |
Revenue & Expenses BreakdownBeta
How Zhejiang Provincial New Energy Investment Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 4,650 | 679 | 262 | 11 |
| 31 Dec 23 | 4,523 | 627 | 259 | 11 |
| 30 Sep 23 | 4,453 | 470 | 376 | 18 |
| 30 Jun 23 | 4,326 | 380 | 404 | 20 |
| 31 Mar 23 | 4,595 | 692 | 431 | 20 |
| 31 Dec 22 | 4,598 | 775 | 392 | 21 |
| 30 Sep 22 | 4,467 | 995 | 407 | 14 |
| 30 Jun 22 | 4,399 | 1,148 | 394 | 21 |
| 31 Mar 22 | 3,778 | 859 | 349 | 21 |
| 31 Dec 21 | 3,235 | 689 | 332 | 20 |
| 30 Sep 21 | 2,916 | 547 | 289 | 16 |
| 30 Jun 21 | 2,490 | 345 | 259 | 6 |
| 31 Mar 21 | 2,394 | 296 | 243 | 5 |
| 31 Dec 20 | 2,347 | 284 | 237 | 5 |
| 30 Sep 20 | 2,313 | 350 | 227 | 0 |
| 30 Jun 20 | 2,154 | 289 | 246 | 0 |
| 31 Mar 20 | 1,987 | 284 | 204 | 0 |
| 31 Dec 19 | 2,102 | 408 | 192 | 0 |
| 31 Dec 18 | 1,251 | 151 | 167 | 0 |
| 31 Dec 17 | 936 | 253 | 115 | 0 |
| 31 Dec 16 | 1,223 | 438 | 84 | 0 |
Quality Earnings: 600032 has high quality earnings.
Growing Profit Margin: 600032's current net profit margins (14.6%) are lower than last year (15.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 600032's earnings have grown by 18.1% per year over the past 5 years.
Accelerating Growth: 600032's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 600032 had negative earnings growth (-1.8%) over the past year, making it difficult to compare to the Renewable Energy industry average (5.4%).
Return on Equity
High ROE: 600032's Return on Equity (5.5%) is considered low.