Shaanxi Meineng Clean EnergyLtd Past Earnings Performance
Past criteria checks 1/6
Shaanxi Meineng Clean EnergyLtd's earnings have been declining at an average annual rate of -7.2%, while the Gas Utilities industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 14.7% per year. Shaanxi Meineng Clean EnergyLtd's return on equity is 7.6%, and it has net margins of 17.1%.
Key information
-7.2%
Earnings growth rate
-12.5%
EPS growth rate
| Gas Utilities Industry Growth | 5.6% |
| Revenue growth rate | 14.7% |
| Return on equity | 7.6% |
| Net Margin | 17.1% |
| Last Earnings Update | 31 Dec 2022 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Shaanxi Meineng Clean EnergyLtd makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 22 | 550 | 94 | 40 | 0 |
| 01 Jan 22 | 480 | 101 | 36 | 0 |
| 31 Dec 20 | 463 | 96 | 32 | 0 |
| 31 Dec 19 | 456 | 87 | 32 | 0 |
| 31 Dec 18 | 383 | 60 | 28 | 0 |
| 31 Dec 17 | 322 | 68 | 27 | 0 |
| 31 Dec 16 | 273 | 73 | 24 | 0 |
Quality Earnings: 001299 has high quality earnings.
Growing Profit Margin: 001299's current net profit margins (17.1%) are lower than last year (21.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 001299's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: 001299's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 001299 had negative earnings growth (-7.2%) over the past year, making it difficult to compare to the Gas Utilities industry average (7%).
Return on Equity
High ROE: 001299's Return on Equity (7.6%) is considered low.