Hang Pin Living Technology Full Year 2024 Earnings: HK$0.005 loss per share (vs HK$0.007 loss in FY 2023)

Hang Pin Living Technology (HKG:1682) Full Year 2024 Results

Key Financial Results

• Revenue: HK$96.7m (down 22% from FY 2023).
• Net loss: HK$3.66m (loss narrowed by 34% from FY 2023).
• HK$0.005 loss per share (improved from HK$0.007 loss in FY 2023).

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

The primary driver behind last 12 months revenue was the Garment Sourcing segment contributing a total revenue of HK$95.3m (99% of total revenue). Notably, cost of sales worth HK$94.4m amounted to 98% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$13.7m (99% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$7.88m. Explore how 1682's revenue and expenses shape its earnings.

Hang Pin Living Technology shares are up 3.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Hang Pin Living Technology has 2 warning signs (and 1 which is potentially serious) we think you should know about.

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