China Hongqiao Group (HKG:1378) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥156.2b (up 17% from FY 2023).
- Net income: CN¥22.4b (up 95% from FY 2023).
- Profit margin: 14% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥2.36 (up from CN¥1.21 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Hongqiao Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%.
The primary driver behind last 12 months revenue was the The People's Republic of China (PRC) segment contributing a total revenue of CN¥142.8b (91% of total revenue). Notably, cost of sales worth CN¥114.3b amounted to 73% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥13.9b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 1378's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Metals and Mining industry in Hong Kong.
Performance of the Hong Kong Metals and Mining industry.
The company's shares are down 9.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for China Hongqiao Group that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if China Hongqiao Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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