Fujian Funeng Second Quarter 2024 Earnings: EPS: CN¥0.25 (vs CN¥0.15 in 2Q 2023)

Fujian Funeng (SHSE:600483) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.58b (up 8.3% from 2Q 2023).
• Net income: CN¥662.0m (up 65% from 2Q 2023).
• Profit margin: 19% (up from 12% in 2Q 2023).
• EPS: CN¥0.25 (up from CN¥0.15 in 2Q 2023).

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

Fujian Funeng Earnings Insights

Looking ahead, revenue is forecast to grow 3.3% 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 share price is broadly unchanged from a week ago.

Valuation

Our analysis of these results suggests Fujian Funeng may be undervalued based on 6 important criteria we look at. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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