China Securities Intelligent Financial News Sany Renewable Energy (688349) disclosed its 2024 performance report on the evening of February 27, and the company achieved operating income of 18.089 billion yuan, a year-on-year increase of 21.09%; the net profit attributable to the parent company was 1.857 billion yuan, a year-on-year decrease of 7.46%; deducted non-net profit of 1.634 billion yuan, a year-on-year increase of 0.66%; The basic earnings per share was 1.5443 yuan, and the weighted average return on equity was 14.14%. Based on the closing price on February 27, Sany Renewable Energy's current price-to-earnings ratio (TTM) is about 18.35 times, the price-to-book ratio (LF) is about 2.71 times, and the price-to-sales ratio (TTM) is about 2.06 times.

Based on the data of this disclosed performance report, the company's price-to-earnings ratio (TTM) chart in recent years is as follows:

According to the data, the company is engaged in wind turbine products and operation and maintenance services, and new energy power station business.

In 2024, China's wind power industry will maintain a rapid development trend, with installed capacity continuing to grow, but the competition in the wind power market will remain fierce. In the face of industry development opportunities and challenges, the company adheres to high-quality development, and the development momentum of various main businesses is good. The competitiveness and market share of the company's fan products continued to increase, the sales capacity of domestic fans and the new bid-winning orders increased compared with the previous year, and the new orders in overseas markets increased significantly; The cost control is effective, and the fan products maintain good profitability; The Shaoshan plant was rated as the world's first lighthouse factory in the wind power industry.

Due to the overall decline in the bid price of wind turbines in the wind power industry in the early stage, and the impact of the company's partial non-recurring gains and losses and the provision of impairment out of prudent considerations, the net profit attributable to the owners of the parent company decreased compared with the previous year, but the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses remained stable.

According to the data, the company's weighted average return on equity in 2024 will be 14.14%, down 2.63 percentage points from the same period last year.

Indicator annotation:

P/E ratio = total market capitalization / net profit. When the company loses money, the P/E ratio is negative, and it is not practical to use the P/E ratio for valuation, and the P/B ratio or P/B ratio is often used as a reference.

Price-to-book ratio = total market capitalization / net assets. The price-to-book ratio valuation method is mostly used for companies with large fluctuations in earnings and relatively stable net assets.

Price-to-sales ratio = total market capitalization / operating income. The price-to-sales ratio method is often used for growing companies that are losing money or making small profits.

The price-to-earnings ratio and price-to-sales ratio in this article are calculated using the TTM method, that is, the data for the 12 months up to the latest financial report (including forecast). The price-to-book ratio is calculated using the LF method, that is, based on the latest financial report data. The quantile calculation range of the three is from the company's listing to the latest announcement date.

When the P/E ratio and price-to-book ratio are negative, the current quantile is not displayed, which will cause the line chart to be interrupted.