China Datang Corporation Renewable Power Full Year 2023 Earnings: Misses Expectations

China Datang Corporation Renewable Power (HKG:1798) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥13.2b (up 5.7% from FY 2022).
• Net income: CN¥2.75b (down 6.0% from FY 2022).
• Profit margin: 21% (down from 23% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.31 (down from CN¥0.40 in FY 2022).

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

China Datang Corporation Renewable Power Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Renewable Energy industry in Hong Kong.

Performance of the Hong Kong Renewable Energy industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with China Datang Corporation Renewable Power (including 1 which makes us a bit uncomfortable).

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