Gresgying Digital Energy TechnologyLtd First Quarter 2024 Earnings: CN¥0.011 loss per share (vs CN¥0.001 loss in 1Q 2023)

Gresgying Digital Energy TechnologyLtd (SHSE:600212) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥153.3m (up 55% from 1Q 2023).
• Net loss: CN¥7.53m (loss widened by CN¥6.83m from 1Q 2023).
• CN¥0.011 loss per share (further deteriorated from CN¥0.001 loss in 1Q 2023).

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

Gresgying Digital Energy TechnologyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Renewable Energy industry in China.

Performance of the Chinese Renewable Energy industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Gresgying Digital Energy TechnologyLtd (at least 1 which is potentially serious), and understanding these should be part of your investment process.

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