Xinyi Electric Storage Holdings Reports First Half 2024 Earnings

Xinyi Electric Storage Holdings (HKG:8328) First Half 2024 Results

Key Financial Results

• Revenue: HK$646.5m (up 17% from 1H 2023).
• Net income: HK$12.3m (down 9.5% from 1H 2023).
• Profit margin: 1.9% (down from 2.5% in 1H 2023). The decrease in margin was driven by higher expenses.

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

Xinyi Electric Storage Holdings shares are up 19% 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 Xinyi Electric Storage Holdings' balance sheet.

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