Concord New Energy Group Past Earnings Performance
Past criteria checks 1/6
Concord New Energy Group has been growing earnings at an average annual rate of 11.3%, while the Renewable Energy industry saw earnings declining at 7.6% annually. Revenues have been growing at an average rate of 12.9% per year. Concord New Energy Group's return on equity is 10.6%, and it has net margins of 33.6%.
Key information
11.3%
Earnings growth rate
10.6%
EPS growth rate
| Renewable Energy Industry Growth | -5.8% |
| Revenue growth rate | 12.9% |
| Return on equity | 10.6% |
| Net Margin | 33.6% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Concord New Energy Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 2,589 | 870 | 412 | 0 |
| 30 Jun 23 | 2,830 | 925 | 488 | 0 |
| 31 Mar 23 | 2,755 | 898 | 466 | 0 |
| 31 Dec 22 | 2,400 | 841 | 347 | 0 |
| 30 Sep 22 | 2,621 | 849 | 424 | 0 |
| 30 Jun 22 | 2,562 | 826 | 403 | 0 |
| 31 Mar 22 | 2,379 | 807 | 374 | 0 |
| 31 Dec 21 | 2,196 | 788 | 345 | 0 |
| 30 Sep 21 | 2,085 | 743 | 318 | 0 |
| 30 Jun 21 | 1,974 | 698 | 290 | 0 |
| 31 Mar 21 | 1,987 | 686 | 309 | 0 |
| 31 Dec 20 | 2,001 | 673 | 328 | 0 |
| 30 Sep 20 | 1,936 | 629 | 340 | 0 |
| 30 Jun 20 | 1,872 | 584 | 352 | 0 |
| 31 Mar 20 | 1,854 | 594 | 331 | 0 |
| 31 Dec 19 | 1,836 | 604 | 310 | 0 |
| 30 Sep 19 | 1,702 | 615 | 297 | 0 |
| 30 Jun 19 | 1,568 | 626 | 283 | 0 |
| 31 Mar 19 | 1,491 | 564 | 269 | 0 |
| 31 Dec 18 | 1,414 | 502 | 254 | 0 |
| 30 Sep 18 | 1,333 | 354 | 232 | 0 |
| 30 Jun 18 | 1,251 | 206 | 209 | 0 |
| 31 Mar 18 | 1,144 | 203 | 199 | 0 |
| 31 Dec 17 | 1,036 | 200 | 189 | 0 |
| 30 Sep 17 | 1,265 | 344 | 176 | 0 |
| 30 Jun 17 | 1,494 | 489 | 164 | 0 |
| 31 Mar 17 | 1,639 | 473 | 169 | 0 |
| 31 Dec 16 | 1,785 | 458 | 175 | 0 |
| 30 Sep 16 | 2,183 | 449 | 186 | 0 |
| 30 Jun 16 | 2,501 | 430 | 194 | 0 |
| 31 Mar 16 | 3,017 | 422 | 180 | 0 |
| 31 Dec 15 | 3,479 | 408 | 165 | 0 |
| 30 Sep 15 | 3,597 | 388 | 154 | 0 |
| 30 Jun 15 | 3,623 | 358 | 139 | 0 |
| 31 Mar 15 | 3,230 | 306 | 133 | 0 |
| 31 Dec 14 | 2,839 | 254 | 127 | 0 |
| 30 Sep 14 | 2,447 | 218 | 124 | 0 |
| 30 Jun 14 | 2,119 | 188 | 125 | 0 |
| 31 Mar 14 | 1,812 | 155 | 125 | 0 |
| 31 Dec 13 | 1,470 | 118 | 122 | 0 |
| 30 Sep 13 | 1,188 | 81 | 129 | 0 |
| 30 Jun 13 | 893 | 43 | 134 | 0 |
Quality Earnings: CWPW.F has a large one-off gain of CN¥402.3M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: CWPW.F's current net profit margins (33.6%) are lower than last year (35.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CWPW.F's earnings have grown by 11.3% per year over the past 5 years.
Accelerating Growth: CWPW.F's earnings growth over the past year (3.4%) is below its 5-year average (11.3% per year).
Earnings vs Industry: CWPW.F earnings growth over the past year (3.4%) did not outperform the Renewable Energy industry 124.5%.
Return on Equity
High ROE: CWPW.F's Return on Equity (10.6%) is considered low.