Beijing Jingneng Power Third Quarter 2024 Earnings: EPS: CN¥0.07 (vs CN¥0.071 in 3Q 2023)

Beijing Jingneng Power (SHSE:600578) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥8.73b (up 1.1% from 3Q 2023).
• Net income: CN¥502.0m (up 9.0% from 3Q 2023).
• Profit margin: 5.7% (up from 5.3% in 3Q 2023).
• EPS: CN¥0.07.

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

Beijing Jingneng Power Earnings Insights

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China.

Performance of the Chinese Renewable Energy industry.

The company's shares are up 2.5% 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 Beijing Jingneng Power (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.

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