Northeast Electric Development Full Year 2024 Earnings: CN¥0.012 loss per share (vs CN¥0.007 loss in FY 2023)

Northeast Electric Development (HKG:42) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥156.4m (up 42% from FY 2023).
• Net loss: CN¥10.1m (loss widened by 70% from FY 2023).
• CN¥0.012 loss per share (further deteriorated from CN¥0.007 loss in FY 2023).

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

The primary driver behind last 12 months revenue was the Production and Sales of Power Transmission Equipment and Related Accessories segment contributing a total revenue of CN¥99.3m (63% of total revenue). Notably, cost of sales worth CN¥110.4m amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥34.1m (60% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥890.0k. Explore how 42's revenue and expenses shape its earnings.

Northeast Electric Development shares are down 1.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Northeast Electric Development (2 can't be ignored) you should be aware of.

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