Xinyi Glass Holdings Full Year 2024 Earnings: Misses Expectations

Xinyi Glass Holdings (HKG:868) Full Year 2024 Results

Key Financial Results

• Revenue: HK$22.3b (down 17% from FY 2023).
• Net income: HK$3.37b (down 37% from FY 2023).
• Profit margin: 15% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: HK$0.79 (down from HK$1.29 in FY 2023).

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

Xinyi Glass Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Building industry in Asia.

Performance of the market in Hong Kong.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Xinyi Glass Holdings has 1 warning sign we think you should be aware of.

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