Dongfang Electric Third Quarter 2024 Earnings: EPS: CN¥0.30 (vs CN¥0.29 in 3Q 2023)

Dongfang Electric (HKG:1072) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥14.9b (up 2.4% from 3Q 2023).
• Net income: CN¥933.3m (up 2.6% from 3Q 2023).
• Profit margin: 6.3% (up from 6.2% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.30 (up from CN¥0.29 in 3Q 2023).

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

Dongfang Electric Earnings Insights

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in Hong Kong.

Performance of the Hong Kong Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Dongfang Electric is showing 1 warning sign in our investment analysis that you should know about...

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