Eastroc Beverage(Group) Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Eastroc Beverage(Group) (SHSE:605499) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥15.8b (up 41% from FY 2023).
• Net income: CN¥3.33b (up 63% from FY 2023).
• Profit margin: 21% (up from 18% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥6.40 (up from CN¥3.92 in FY 2023).

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

Eastroc Beverage(Group) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 1.6%.

The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥15.8b (100% of total revenue). Notably, cost of sales worth CN¥8.75b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥2.67b (71% of total expenses). Explore how 605499's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Beverage industry in China.

Performance of the Chinese Beverage industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Eastroc Beverage(Group), and understanding it should be part of your investment process.

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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.