China National Building Material Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

China National Building Material (HKG:3323) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥181.3b (down 14% from FY 2023).
• Net income: CN¥2.39b (down 38% from FY 2023).
• Profit margin: 1.3% (down from 1.8% in FY 2023).
• EPS: CN¥0.28 (down from CN¥0.46 in FY 2023).

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

China National Building Material EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 131%.

The primary driver behind last 12 months revenue was the Cement segment contributing a total revenue of CN¥66.5b (37% of total revenue). Notably, cost of sales worth CN¥148.6b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥20.9b (69% of total expenses). Explore how 3323's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in Hong Kong.

Performance of the Hong Kong Basic Materials industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with China National Building Material (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.

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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.