China Longyuan Power Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

China Longyuan Power Group (HKG:916) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥37.1b (down 1.5% from FY 2023).
• Net income: CN¥6.35b (up 2.3% from FY 2023).
• Profit margin: 17% (in line with FY 2023).
• EPS: CN¥0.75 (up from CN¥0.74 in FY 2023).

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

China Longyuan Power Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.3% 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 shares are down 2.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for China Longyuan Power Group (1 doesn't sit too well with us!) that you need to take into consideration.

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