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Shanghai Zhangjiang Hi-Tech Park Development Full Year 2024 Earnings: Revenues Disappoint
Shanghai Zhangjiang Hi-Tech Park Development (SHSE:600895) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥1.98b (down 2.1% from FY 2023).
- Net income: CN¥982.4m (up 3.6% from FY 2023).
- Profit margin: 50% (up from 47% in FY 2023).
- EPS: CN¥0.63 (up from CN¥0.61 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Zhangjiang Hi-Tech Park Development Revenues Disappoint
Revenue missed analyst estimates by 10%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Real Estate Division segment contributing a total revenue of CN¥1.98b (100% of total revenue). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥287.4m. Explore how 600895's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Real Estate industry in China are expected to remain flat.
Performance of the Chinese Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Shanghai Zhangjiang Hi-Tech Park Development has 3 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.
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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.
About SHSE:600895
Shanghai Zhangjiang Hi-Tech Park Development
Engages in the investment, development, management, and operation of real estate properties in the People's Republic of China.
Acceptable track record second-rate dividend payer.
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