Xinyi Energy Holdings Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Xinyi Energy Holdings (HKG:3868) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥2.44b (down 3.1% from FY 2023).
• Net income: CN¥790.9m (down 20% from FY 2023).
• Profit margin: 32% (down from 39% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: CN¥0.095 (down from CN¥0.13 in FY 2023).

Our free stock report includes 2 warning signs investors should be aware of before investing in Xinyi Energy Holdings. Read for free now.

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

Xinyi Energy Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.4%.

In the last 12 months, the only revenue segment was Management and Operation of Solar Farms contributing CN¥2.44b. The most substantial expense, totaling CN¥776.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 3868's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.0% 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

Before you take the next step you should know about the 2 warning signs for Xinyi Energy Holdings (1 shouldn't be ignored!) that we have uncovered.

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