Goldwind Science & Technology (SZSE:002202) Q2 2024 financial results
Key Financial Results
Revenue: RMB 13.2 billion (down 2.0% from Q2 2023). Net profit: RMB 1.05 billion (up from a RMB loss of RMB 36.4 million in Q2 2023). Profit margin: 8.0% (up from a net loss of RMB 36.4 million in Q2 2023). The turnaround was driven by cost reductions. EPS: RMB 0.26 (up from a loss of RMB 0.009 in Q2 2023). SZSE:002202 Revenue and Revenue History 25 Aug 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Goldwind Science & Technology: EPS beats expectations, but revenue falls short
Revenues missed analyst expectations by 12%. Earnings per share (EPS) beat analyst expectations by 172%.
Going forward, China's electrical industry revenue is expected to grow at an average annual rate of 16%, while over the next three years revenue is expected to grow at an average rate of 9.7%.
Performance of China's electrical industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
You should know about the 2 warning signs we've spotted with Goldwind Science And Technology (including 1 which is a bit concerning) that we think you should be aware of.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
