China Resources Power Holdings Full Year 2024 Earnings: In Line With Expectations

China Resources Power Holdings (HKG:836) Full Year 2024 Results

Key Financial Results

• Revenue: HK$105.3b (up 1.9% from FY 2023).
• Net income: HK$14.4b (up 31% from FY 2023).
• Profit margin: 14% (up from 11% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: HK$2.97 (up from HK$2.29 in FY 2023).

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

China Resources Power Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Thermal Power segment contributing a total revenue of HK$79.6b (76% of total revenue). Notably, cost of sales worth HK$55.3b amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to HK$16.4b (46% of total expenses). Explore how 836's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.3% 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 China Resources Power Holdings is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.