China Power International Development Full Year 2022 Earnings: Beats Expectations

China Power International Development (HKG:2380) Full Year 2022 Results

Key Financial Results

• Revenue: CN¥44.4b (up 26% from FY 2021).
• Net income: CN¥2.65b (up from CN¥649.9m loss in FY 2021).
• Profit margin: 6.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue.
• EPS: CN¥0.22 (up from CN¥0.066 loss in FY 2021).

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

China Power International Development Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Renewable Energy industry in Hong Kong.

Performance of the Hong Kong Renewable Energy industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with China Power International Development (at least 1 which is a bit concerning), and understanding these should be part of your investment process.

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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.