Zhejiang Cayi Vacuum Container Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Zhejiang Cayi Vacuum Container (SZSE:301004) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥2.84b (up 60% from FY 2023).
• Net income: CN¥732.9m (up 55% from FY 2023).
• Profit margin: 26% (in line with FY 2023).
• EPS: CN¥7.20 (up from CN¥4.71 in FY 2023).

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

Zhejiang Cayi Vacuum Container Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Zhejiang Cayi Vacuum Container (of which 1 makes us a bit uncomfortable!) you should know about.

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