Stock Analysis
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- SHSE:600886
SDIC Power Holdings First Quarter 2024 Earnings: Beats Expectations
SDIC Power Holdings (SHSE:600886) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥14.1b (up 6.4% from 1Q 2023).
- Net income: CN¥2.04b (up 26% from 1Q 2023).
- Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.27 (up from CN¥0.21 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SDIC Power Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 2 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 2.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for SDIC Power Holdings (1 is potentially serious!) that you should be aware of.
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About SHSE:600886
SDIC Power Holdings
Engages in the electricity generation business in China.
Solid track record average dividend payer.