Earnings Alerts

China Yangtze Power Co, Ltd. (600900) Earnings Surge with 28% Increase in 1H Net Income to 11.4B Yuan

  • Yangtze Power’s net income for the first half of 2024 is 11.4 billion yuan.
  • This is a 28% increase compared to the 8.88 billion yuan net income reported in the previous year.
  • Revenue for the first half of 2024 stands at 34.8 billion yuan, marking a 12% rise from last year.
  • EPS (Earnings Per Share) for 1H 2024 is 46.44 RMB cents, compared to 36.30 RMB cents in 1H 2023.
  • Analyst ratings include 27 buys, 1 hold, and 0 sells for Yangtze Power.

China Yangtze Power Co, Ltd. on Smartkarma

Analysts on Smartkarma, like Travis Lundy, are closely following developments at China Yangtze Power Co, Ltd. The latest analysis, titled “Mainland Connect NORTHBOUND Flows (To 31 May 2024): Net Sell Flows on Weak Gross Volumes,” highlights the recent trends in trading activity. Despite overall weak gross volumes, companies like Zijin and Yangtze Power, along with renewables-related firms, are attracting buy-side interest. Notably, several State-Owned Enterprises (SOEs) have been on the selling side. The report raises questions about the nature of buy-side volumes, with speculation about potential national team involvement in the market.

This in-depth research provides valuable insights for investors looking at China Yangtze Power Co, Ltd. and other related companies. The analysis offers a comprehensive view of the market dynamics and investor sentiments surrounding the stock. With contributors like Travis Lundy sharing their expertise on Smartkarma, investors can access a range of perspectives to make informed decisions about their investment strategies in the rapidly evolving Chinese market.


A look at China Yangtze Power Co, Ltd. Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Yangtze Power Co, Ltd. holds a solid position in the market with strong performance indicators across different areas. With high scores in Dividend, Growth, and Momentum, the company showcases promising potential for long-term success. Its impressive dividend and growth scores indicate a stable financial outlook and room for expansion. Moreover, its momentum score reflects positive market sentiment and suggests a favorable trend in stock performance. Despite relatively lower scores in Value and Resilience, the company’s overall outlook appears optimistic, pointing towards a bright future.

China Yangtze Power Co, Ltd. stands as a key player in the energy sector, owning major power stations like Gezhouba and Three Gorges. Specializing in hydroelectric power generation, the company caters to various regions in China, ensuring a consistent power supply to central and eastern China, including provinces like Guangdong and cities like Chongqing. With a strong foothold in the industry and a focus on renewable energy sources, the company is positioned for sustainable growth and profitability in the long run.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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