Nan Nan Resources Enterprise Full Year 2024 Earnings: EPS: HK$0.051 (vs HK$0.076 loss in FY 2023)

Nan Nan Resources Enterprise (HKG:1229) Full Year 2024 Results

Key Financial Results

• Revenue: HK$116.1m (down 52% from FY 2023).
• Net income: HK$39.1m (up from HK$58.3m loss in FY 2023).
• Profit margin: 34% (up from net loss in FY 2023).
• EPS: HK$0.051 (up from HK$0.076 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 Coal Mining Business segment contributing a total revenue of HK$98.1m (84% of total revenue). Notably, cost of sales worth HK$72.9m amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$61.6m (99% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$57.9m. Explore how 1229's revenue and expenses shape its earnings.

Nan Nan Resources Enterprise shares are down 1.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Nan Nan Resources Enterprise (1 is concerning!) that you need to be mindful of.

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