Huadian Power International Full Year 2024 Earnings: Misses Expectations

Huadian Power International (HKG:1071) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥112.4b (down 4.1% from FY 2023).
• Net income: CN¥4.70b (up 34% from FY 2023).
• Profit margin: 4.2% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.46 (up from CN¥0.35 in FY 2023).

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

Huadian Power International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 6.9%.

In the last 12 months, the only revenue segment was Power Generation Business contributing CN¥112.4b. Notably, cost of sales worth CN¥81.9b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CN¥10.8b (42% of total expenses). Explore how 1071's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Renewable Energy industry in Hong Kong.

Performance of the Hong Kong Renewable Energy industry.

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

Risk Analysis

Be aware that Huadian Power International is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.