China Resources Beverage (Holdings) Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
China Resources Beverage (Holdings) (HKG:2460) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥13.5b (flat on FY 2023).
- Net income: CN¥1.64b (up 23% from FY 2023).
- Profit margin: 12% (up from 9.8% in FY 2023).
- EPS: CN¥0.79 (up from CN¥0.67 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Resources Beverage (Holdings) EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 12%.
In the last 12 months, the only revenue segment was Non-Alcoholic Beverages contributing CN¥13.5b. Notably, cost of sales worth CN¥7.12b amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥4.06b (85% of total expenses). Explore how 2460's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Beverage industry in Hong Kong.
Performance of the Hong Kong Beverage industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for China Resources Beverage (Holdings) you should know about.
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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.
About SEHK:2460
China Resources Beverage (Holdings)
Operates as a ready-to-drink soft beverage company in China.
Excellent balance sheet and good value.
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