Xiamen Solex High-tech Industries Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Xiamen Solex High-tech Industries (SHSE:603992) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥3.01b (up 1.1% from FY 2023).
• Net income: CN¥448.1m (up 27% from FY 2023).
• Profit margin: 15% (up from 12% in FY 2023). The increase in margin was primarily driven by lower expenses.
• EPS: CN¥1.10 (up from CN¥0.97 in FY 2023).

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

Xiamen Solex High-tech Industries EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 4.3%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Building industry in China.

Performance of the Chinese Building industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Xiamen Solex High-tech Industries that you should be aware of before investing here.

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