China Power International Development Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

China Power International Development (HKG:2380) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥56.8b (up 23% from FY 2023).
• Net income: CN¥3.86b (up 45% from FY 2023).
• Profit margin: 6.8% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.27 (up from CN¥0.21 in FY 2023).

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

China Power International Development Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.8% 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

You should always think about risks. Case in point, we've spotted 2 warning signs for China Power International Development you should be aware of, and 1 of them is significant.

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