Greentown Management Holdings Full Year 2024 Earnings: Misses Expectations

Simply Wall St

March 31, 2025

Greentown Management Holdings (HKG:9979) Full Year 2024 Results

Key Financial Results

Revenue: CN¥3.44b (up 4.2% from FY 2023).
Net income: CN¥801.1m (down 18% from FY 2023).
Profit margin: 23% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: CN¥0.41 (down from CN¥0.50 in FY 2023).

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earnings-and-revenue-growth — SEHK:9979 Earnings and Revenue Growth March 31st 2025

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

Greentown Management Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

The company's shares are down 3.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Greentown Management Holdings' balance sheet.

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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.