AVIC Heavy Machinery Full Year 2024 Earnings: Misses Expectations

AVIC Heavy Machinery (SHSE:600765) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥10.4b (down 2.1% from FY 2023).
• Net income: CN¥639.7m (down 52% from FY 2023).
• Profit margin: 6.2% (down from 13% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: CN¥0.43 (down from CN¥0.90 in FY 2023).

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

AVIC Heavy Machinery Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with AVIC Heavy Machinery.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.