Beijing Jingneng Clean Energy reports first quarter 2024 results

Beijing Jingneng Clean Energy (HKG:579) Q1 2024 Results

Key Financial Results

• Revenue: 6.52 billion Chinese yen (up 3.0% compared to Q1 2023).
• Net income: 1.33 billion Chinese yen (up 1.6% compared to Q1 2023).
• Profit margin: 20% (as per Q1 2023).

All numbers shown in the above chart are for the last 12 months (TTM)

Insight into Beijing’s Clean Energy Profits Jingneng

Revenues are forecast to grow at an average annual rate of 6.9% over the next three years, while Hong Kong’s renewable energy industry is forecast to grow at 5.1%.

Efficiency Renewable energy industry in Hong Kong.

The company’s share price remained broadly unchanged from last week.

Risk assessment

What about risk? Every company has it and we have noticed 2 Warning Signs for Beijing Jingneng Clean Energy that you should know about.

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