China Suntien Green Energy Second Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.14 in 2Q 2023)

China Suntien Green Energy (HKG:956) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.23b (up 21% from 2Q 2023).
• Net income: CN¥597.5m (flat on 2Q 2023).
• Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.14 (down from CN¥0.14 in 2Q 2023).

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

China Suntien Green Energy Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat.

Performance of the Hong Kong Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Valuation

China Suntien Green Energy's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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