Shaanxi Meineng Clean EnergyLtd Past Earnings Performance
Past criteria checks 2/6
Shaanxi Meineng Clean EnergyLtd has been growing earnings at an average annual rate of 4.5%, while the Gas Utilities industry saw earnings growing at 9.4% annually. Revenues have been growing at an average rate of 7.4% per year. Shaanxi Meineng Clean EnergyLtd's return on equity is 6.2%, and it has net margins of 14.2%.
Key information
4.5%
Earnings growth rate
0.6%
EPS growth rate
| Gas Utilities Industry Growth | 5.6% |
| Revenue growth rate | 7.4% |
| Return on equity | 6.2% |
| Net Margin | 14.2% |
| Next Earnings Update | 28 Aug 2024 |
Revenue & Expenses Breakdown
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 23 | 576 | 82 | 47 | 0 |
| 01 Jan 23 | 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 (14.2%) are lower than last year (17.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 001299's earnings have grown by 4.5% per year 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 (-13.2%) over the past year, making it difficult to compare to the Gas Utilities industry average (13.5%).
Return on Equity
High ROE: 001299's Return on Equity (6.2%) is considered low.