- Hong Kong
- /
- Renewable Energy
- /
- SEHK:3868
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 5.5% growth forecast for the Renewable Energy industry in Hong Kong.
Performance of the Hong Kong Renewable Energy industry.
The company's shares are up 5.6% 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 is potentially serious!) you should know about.
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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.
About SEHK:3868
Xinyi Energy Holdings
An investment holding company, owns, operates, and manages solar farms in the People's Republic of China.
Good value with moderate growth potential.