Jointo Energy Investment Hebei (SZSE:000600) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥4.12b (up 15% from 2Q 2023).
- Net income: CN¥81.9m (down 64% from 2Q 2023).
- Profit margin: 2.0% (down from 6.3% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.045 (down from CN¥0.13 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jointo Energy Investment Hebei Earnings Insights
Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China.
Performance of the Chinese Renewable Energy industry.
The company’s shares are down 3.9% from a week ago.
Risk Analysis
What about risks? Every company has them, and we’ve spotted 2 warning signs for Jointo Energy Investment Hebei (of which 1 doesn’t sit too well with us!) you should know about.
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