Precision Tsugami (China) Full Year 2024 Earnings: Beats Expectations

Precision Tsugami (China) (HKG:1651) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥3.12b (down 23% from FY 2023).
• Net income: CN¥480.0m (down 17% from FY 2023).
• Profit margin: 15% (up from 14% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥1.26 (down from CN¥1.52 in FY 2023).

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

Precision Tsugami (China) Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Hong Kong.

Performance of the Hong Kong Machinery industry.

The company's shares are up 6.3% from a week ago.

Risk Analysis

Be aware that Precision Tsugami (China) is showing 1 warning sign in our investment analysis that 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.

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