Wintime Energy GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.032 (vs CN¥0.027 in 2Q 2023)

Wintime Energy GroupLtd (SHSE:600157) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥7.19b (up 4.0% from 2Q 2023).
• Net income: CN¥722.9m (up 22% from 2Q 2023).
• Profit margin: 10% (up from 8.6% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.032 (up from CN¥0.027 in 2Q 2023).

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

Wintime Energy GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 10% 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 2.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Wintime Energy GroupLtd has 1 warning sign we think you should be aware of.

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