China Glass Holdings Full Year 2024 Earnings: CN¥0.52 loss per share (vs CN¥0.24 loss in FY 2023)

China Glass Holdings (HKG:3300) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥5.74b (up 8.1% from FY 2023).
• Net loss: CN¥876.6m (loss widened by 114% from FY 2023).
• CN¥0.52 loss per share (further deteriorated from CN¥0.24 loss in FY 2023).

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

The primary driver behind last 12 months revenue was the Clear Glass Products segment contributing a total revenue of CN¥2.22b (39% of total revenue). Notably, cost of sales worth CN¥5.43b amounted to 95% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥724.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 3300's revenue and expenses shape its earnings.

China Glass Holdings shares are down 4.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for China Glass Holdings you should be aware of, and 1 of them is potentially serious.

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