China Lilang Full Year 2024 Earnings: Misses Expectations

China Lilang (HKG:1234) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥3.65b (up 3.0% from FY 2023).
• Net income: CN¥461.1m (down 13% from FY 2023).
• Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.39 (down from CN¥0.44 in FY 2023).

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

China Lilang Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 20%.

In the last 12 months, the only revenue segment was Manufacturing and Sale of Menswear and Accessories contributing CN¥3.65b. Notably, cost of sales worth CN¥1.91b amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥1.06b (83% of total expenses). Explore how 1234's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in Hong Kong.

Performance of the Hong Kong Luxury industry.

The company's shares are down 10% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for China Lilang you should be aware of.

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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.