Sichuan New Energy Power Third Quarter 2024 Earnings: CN¥0.002 loss per share (vs CN¥0.072 profit in 3Q 2023)

Sichuan New Energy Power (SZSE:000155) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥474.0m (down 28% from 3Q 2023).
• Net loss: CN¥3.73m (down by 103% from CN¥107.3m profit in 3Q 2023).
• CN¥0.002 loss per share (down from CN¥0.072 profit in 3Q 2023).

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

Sichuan New Energy Power Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Renewable Energy industry in China.

Performance of the Chinese Renewable Energy industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Sichuan New Energy Power that you should be aware of.

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