Huitongda Network Full Year 2024 Earnings: Misses Expectations

Simply Wall St

March 28, 2025

Huitongda Network (HKG:9878) Full Year 2024 Results

Key Financial Results

Revenue: CN¥60.1b (down 27% from FY 2023).
Net income: CN¥269.7m (down 40% from FY 2023).
Profit margin: 0.4% (down from 0.5% in FY 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥0.49 (down from CN¥0.80 in FY 2023).

earnings-and-revenue-growth — SEHK:9878 Earnings and Revenue Growth March 28th 2025

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

Huitongda Network Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 7.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Huitongda Network's balance sheet and an in-depth analysis of the company's financial position.

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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.