Huadian Power International (HKG:1071) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥112.4b (down 4.1% from FY 2023).
• Net income: CN¥4.70b (up 34% from FY 2023).
• Profit margin: 4.2% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.46 (up from CN¥0.35 in FY 2023).

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

Huadian Power International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 6.9%.

In the last 12 months, the only revenue segment was Power Generation Business contributing CN¥112.4b. Notably, cost of sales worth CN¥81.9b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CN¥10.8b (42% of total expenses). Explore how 1071's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.9% 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

Be aware that Huadian Power International is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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