Zhongmin Energy Third Quarter 2024 Earnings: EPS: CN¥0.035 (vs CN¥0.031 in 3Q 2023)

Zhongmin Energy (SHSE:600163) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥277.3m (up 1.2% from 3Q 2023).
• Net income: CN¥67.0m (up 15% from 3Q 2023).
• Profit margin: 24% (up from 21% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: CN¥0.035 (up from CN¥0.031 in 3Q 2023).

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

Zhongmin Energy Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in China.

Performance of the Chinese Renewable Energy industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Zhongmin Energy you should be aware of.

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