Sany Heavy Equipment International Holdings Full Year 2024 Earnings: EPS Misses Expectations

Sany Heavy Equipment International Holdings (HKG:631) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥21.9b (up 8.0% from FY 2023).
• Net income: CN¥1.10b (down 43% from FY 2023).
• Profit margin: 5.0% (down from 9.5% in FY 2023).
• EPS: CN¥0.34 (down from CN¥0.61 in FY 2023).

Our free stock report includes 2 warning signs investors should be aware of before investing in Sany Heavy Equipment International Holdings. Read for free now.

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

Sany Heavy Equipment International Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%.

The primary driver behind last 12 months revenue was the Mining Equipment segment contributing a total revenue of CN¥10.9b (50% of total revenue). Notably, cost of sales worth CN¥17.0b amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥2.29b (60% of total expenses). Explore how 631's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 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 down 2.7% 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 Sany Heavy Equipment International Holdings that you need to be mindful of.

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