CECEP Solar EnergyLtd Third Quarter 2024 Earnings: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2023)

CECEP Solar EnergyLtd (SZSE:000591) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.53b (down 37% from 3Q 2023).
• Net income: CN¥476.5m (down 14% from 3Q 2023).
• Profit margin: 31% (up from 23% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2023).

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

CECEP Solar EnergyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in China.

Performance of the Chinese Renewable Energy industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for CECEP Solar EnergyLtd you should be aware of, and 1 of them shouldn't be ignored.

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