Adicon Holdings Full Year 2024 Earnings: Misses Expectations

Adicon Holdings (HKG:9860) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥2.91b (down 12% from FY 2023).
• Net income: CN¥47.0m (down 80% from FY 2023).
• Profit margin: 1.6% (down from 7.1% in FY 2023).
• EPS: CN¥0.065 (down from CN¥0.34 in FY 2023).

We've discovered 2 warning signs about Adicon Holdings. View them for free.

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

Adicon Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 77%.

In the last 12 months, the only revenue segment was Healthcare Facilities & Services contributing CN¥2.91b. Notably, cost of sales worth CN¥1.82b amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥465.7m (44% of total expenses). Explore how 9860's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in Hong Kong.

Performance of the Hong Kong Healthcare industry.

The company's shares are up 18% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Adicon Holdings has 2 warning signs we think 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.