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

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).

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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