Xinyi Energy Holdings First Half 2024 Earnings: EPS: HK$0.048 (vs HK$0.075 in 1H 2023)

Xinyi Energy Holdings (HKG:3868) First Half 2024 Results

Key Financial Results

• Revenue: HK$1.22b (down 5.4% from 1H 2023).
• Net income: HK$394.5m (down 30% from 1H 2023).
• Profit margin: 32% (down from 44% in 1H 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: HK$0.048 (down from HK$0.075 in 1H 2023).

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

Xinyi Energy Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Hong Kong.

Performance of the Hong Kong Renewable Energy industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Xinyi Energy Holdings (of which 1 doesn't sit too well with us!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com