China Resources Power Holdings Full Year 2024 Earnings: In Line With Expectations

China Resources Power Holdings (HKG:836) Full Year 2024 Results

Key Financial Results

• Revenue: HK$105.3b (up 1.9% from FY 2023).
• Net income: HK$14.4b (up 31% from FY 2023).
• Profit margin: 14% (up from 11% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: HK$2.97 (up from HK$2.29 in FY 2023).

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

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

China Resources Power Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Thermal Power segment contributing a total revenue of HK$79.6b (76% of total revenue). Notably, cost of sales worth HK$55.3b amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to HK$16.4b (46% of total expenses). Explore how 836's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.1% 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

You still need to take note of risks, for example - China Resources Power Holdings has 2 warning signs (and 1 which is a bit concerning) we think you should know about.

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