Advanced Fiber Resources (Zhuhai) Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Advanced Fiber Resources (Zhuhai) (SZSE:300620) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥998.9m (up 41% from FY 2023).
• Net income: CN¥67.0m (up 12% from FY 2023).
• Profit margin: 6.7% (down from 8.4% in FY 2023).
• EPS: CN¥0.27 (up from CN¥0.24 in FY 2023).

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

Advanced Fiber Resources (Zhuhai) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China.

Performance of the Chinese Communications industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Advanced Fiber Resources (Zhuhai) that you need to be mindful of.

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