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¥56.2b (up 22% from FY 2023).
- Net income: CN¥3.36b (up 27% from FY 2023).
- Profit margin: 6.0% (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).
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 35%.
The primary driver behind last 12 months revenue was the Thermal Power Electricity segment contributing a total revenue of CN¥24.3b (43% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CN¥12.7b (40% of total expenses). Explore how 2380's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Renewable Energy industry in Hong Kong.
Performance of the Hong Kong Renewable Energy industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for China Power International Development (1 can't be ignored!) that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if China Power International Development might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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