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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