Stock Analysis

Guangxi Energy First Quarter 2024 Earnings: CN¥0.039 loss per share (vs CN¥0.023 profit in 1Q 2023)

Simply Wall St

April 26, 2024

Guangxi Energy (SHSE:600310) First Quarter 2024 Results

Key Financial Results

Revenue: CN¥969.7m (down 84% from 1Q 2023).
Net loss: CN¥57.3m (down by 272% from CN¥33.4m profit in 1Q 2023).
CN¥0.039 loss per share (down from CN¥0.023 profit in 1Q 2023).

earnings-and-revenue-growth — SHSE:600310 Earnings and Revenue Growth April 26th 2024

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

Guangxi Energy Earnings Insights

Looking ahead, revenue is expected to decline by 42% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in China are expected to grow by 10%.

Performance of the Chinese Electric Utilities industry.

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

Risk Analysis

We should say that we've discovered 2 warning signs for Guangxi Energy that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.