China Everbright Greentech Full Year 2022 Earnings: Beats Expectations

China Everbright Greentech (HKG:1257) Full Year 2022 Results

Key Financial Results

• Revenue: HK$8.05b (down 4.7% from FY 2021).
• Net income: HK$340.2m (down 69% from FY 2021).
• Profit margin: 4.2% (down from 13% in FY 2021). The decrease in margin was primarily driven by higher expenses.
• EPS: HK$0.17 (down from HK$0.54 in FY 2021).

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

China Everbright Greentech Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Renewable Energy industry in Hong Kong.

Performance of the Hong Kong Renewable Energy industry.

The company's shares are down 3.3% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for China Everbright Greentech (1 is concerning!) that you should be aware of before investing here.

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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.