Maike Tube Industry Holdings Full Year 2024 Earnings: EPS: CN¥0.33 (vs CN¥0.35 in FY 2023)

Maike Tube Industry Holdings (HKG:1553) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥2.57b (up 18% from FY 2023).
• Net income: CN¥142.3m (down 7.4% from FY 2023).
• Profit margin: 5.5% (down from 7.0% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.33 (down from CN¥0.35 in FY 2023).

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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 PRC segment contributing a total revenue of CN¥1.75b (68% of total revenue). Notably, cost of sales worth CN¥2.20b amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥94.7m (39% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥5.62m. Explore how 1553's revenue and expenses shape its earnings.

Maike Tube Industry Holdings' share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Maike Tube Industry Holdings (1 shouldn't be ignored!) that you should be aware of.

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