China Datang Corporation Renewable Power First Quarter 2024 Earnings: EPS: CN¥0.13 (vs CN¥0.14 in 1Q 2023)

China Datang Corporation Renewable Power (HKG:1798) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.53b (flat on 1Q 2023).
• Net income: CN¥1.07b (down 5.9% from 1Q 2023).
• Profit margin: 30% (down from 32% in 1Q 2023).
• EPS: CN¥0.13 (down from CN¥0.14 in 1Q 2023).

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

China Datang Corporation Renewable Power Earnings Insights

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Renewable Energy industry in Hong Kong.

Performance of the Hong Kong Renewable Energy industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for China Datang Corporation Renewable Power (1 is a bit concerning!) that you should be aware of.

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