Beijing Jingneng Clean Energy Reports Second Quarter 2024 Earnings

Beijing Jingneng Clean Energy (HKG:579) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.13b (down 2.1% from 2Q 2023).
• Net income: CN¥787.2m (up 5.4% from 2Q 2023).
• Profit margin: 19% (up from 18% in 2Q 2023). The increase in margin was driven by lower expenses.

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

Beijing Jingneng Clean Energy Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Renewable Energy industry in Hong Kong.

Performance of the Hong Kong Renewable Energy industry.

The company's shares are up 3.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Beijing Jingneng Clean Energy.

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