Xinte Energy Full Year 2024 Earnings: CN¥2.73 loss per share (vs CN¥3.04 profit in FY 2023)

Xinte Energy (HKG:1799) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥21.2b (down 31% from FY 2023).
• Net loss: CN¥3.90b (down by 190% from CN¥4.35b profit in FY 2023).
• CN¥2.73 loss per share (down from CN¥3.04 profit in FY 2023).

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

Xinte Energy Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

The company's shares are down 8.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Xinte Energy's balance sheet.

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