Zhejiang HangKe Technology Full Year 2024 Earnings: Misses Expectations

Zhejiang HangKe Technology (SHSE:688006) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥3.00b (down 24% from FY 2023).
• Net income: CN¥299.8m (down 63% from FY 2023).
• Profit margin: 10.0% (down from 21% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.50 (down from CN¥1.35 in FY 2023).

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

Zhejiang HangKe Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Zhejiang HangKe Technology that you should be aware of.

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