GD Power DevelopmentLtd First Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.053 in 1Q 2023)

GD Power DevelopmentLtd (SHSE:600795) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥45.6b (flat on 1Q 2023).
• Net income: CN¥1.78b (up 89% from 1Q 2023).
• Profit margin: 3.9% (up from 2.1% in 1Q 2023).
• EPS: CN¥0.10 (up from CN¥0.053 in 1Q 2023).

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

GD Power DevelopmentLtd Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Renewable Energy industry in China.

Performance of the Chinese Renewable Energy industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - GD Power DevelopmentLtd has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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