Hundsun Technologies Full Year 2024 Earnings: Misses Expectations

Hundsun Technologies (SHSE:600570) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥6.58b (down 9.6% from FY 2023).
• Net income: CN¥1.04b (down 27% from FY 2023).
• Profit margin: 16% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.55 (down from CN¥0.75 in FY 2023).

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

Hundsun Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 4.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Hundsun Technologies' balance sheet and an in-depth analysis of the company's financial position.

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