Shanghai Electric Group Third Quarter 2024 Earnings: EPS: CN¥0.01 (vs CN¥0.015 in 3Q 2023)

Simply Wall St

November 01, 2024

Shanghai Electric Group (HKG:2727) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥26.7b (up 5.7% from 3Q 2023).
Net income: CN¥156.6m (down 32% from 3Q 2023).
Profit margin: 0.6% (down from 0.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: CN¥0.01 (down from CN¥0.015 in 3Q 2023).

earnings-and-revenue-growth — SEHK:2727 Earnings and Revenue Growth November 1st 2024

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

Shanghai Electric Group Earnings Insights

Looking ahead, revenue is forecast to grow 3.9% 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 shares are down 3.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Shanghai Electric Group's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.