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Year on year Concord New Energy Group Ltd grew net income 10.55% from 871.82m to 963.77m primarily through revenue growth (2.40bn to 2.59bn). For while the costs associated with cost of goods, selling, general and administrative and debt all increased as a percentage of sales, the 7.85% growth in revenues contributed enough to still see net income improve.
| Gross margin | 47.42% |
|---|---|
| Net profit margin | 32.35% |
| Operating margin | 53.55% |
| Return on assets | 2.97% |
|---|---|
| Return on equity | 10.64% |
| Return on investment | 3.92% |
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Cash flow in CNYView more
In 2023, cash reserves at Concord New Energy Group Ltd fell by 1.03bn. Cash Flow from Financing totalled 1.97bn or 76.24% of revenues. In addition the company generated 1.58bn in cash from operations while cash used for investing totalled 4.59bn.
| Cash flow per share | 0.132 |
|---|---|
| Price/Cash flow per share | 4.01 |
| Book value per share | 1.15 |
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| Tangible book value per share | 1.06 |
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Balance sheet in CNYView more
| Current ratio | 1.04 |
|---|---|
| Quick ratio | 1.03 |
| Total debt/total equity | 2.17 |
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| Total debt/total capital | 0.6779 |
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Growth rates in CNY
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 2.91% and 7.53%, respectively. The positive trend in dividend payments is noteworthy since only some companies in the Electric Utilities industry pay a dividend. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
| Div yield(5 year avg) | 5.19% |
|---|---|
| Div growth rate (5 year) | 12.62% |
| Payout ratio (TTM) | 31.55% |
| EPS growth(5 years) | 12.04 |
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| EPS (TTM) vs TTM 1 year ago | 5.57 |
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