Central New Energy Holding Group Full Year 2023 Earnings: EPS: HK$0.016 (vs HK$0.007 loss in FY 2022)

Central New Energy Holding Group (HKG:1735) Full Year 2023 Results

Key Financial Results

• Revenue: HK$4.03b (up 150% from FY 2022).
• Net income: HK$66.3m (up from HK$27.8m loss in FY 2022).
• Profit margin: 1.6% (up from net loss in FY 2022).
• EPS: HK$0.016 (up from HK$0.007 loss in FY 2022).

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

The primary driver behind last 12 months revenue was the New Energy and EPC segment contributing a total revenue of HK$2.12b (53% of total revenue). Notably, cost of sales worth HK$3.86b amounted to 96% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$81.0m (76% of total expenses). Explore how 1735's revenue and expenses shape its earnings.

Central New Energy Holding Group shares are down 1.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Central New Energy Holding Group (1 doesn't sit too well with us!) that you need to take into consideration.

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