Stock Analysis
- China
- /
- Renewable Energy
- /
- SZSE:000600
Jointo Energy Investment Hebei First Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.079 loss in 1Q 2023)
Jointo Energy Investment Hebei (SZSE:000600) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥6.61b (up 24% from 1Q 2023).
- Net income: CN¥251.5m (up from CN¥141.0m loss in 1Q 2023).
- Profit margin: 3.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
- EPS: CN¥0.14 (up from CN¥0.079 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jointo Energy Investment Hebei Earnings Insights
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Renewable Energy industry in China.
Performance of the Chinese Renewable Energy industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Jointo Energy Investment Hebei (1 is significant!) that we have uncovered.
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Find out whether Jointo Energy Investment Hebei is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SZSE:000600
Jointo Energy Investment Hebei
Invests in, constructs, operates, and manages energy projects primarily based on electricity production.
Second-rate dividend payer with limited growth.