Jiangxi Copper (HKG:358) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥520.9b (flat on FY 2023).
- Net income: CN¥6.96b (up 7.0% from FY 2023).
- Profit margin: 1.3% (in line with FY 2023).
- EPS: CN¥2.02 (up from CN¥1.88 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jiangxi Copper Revenues Disappoint
Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Copper Related Industries segment contributing a total revenue of CN¥450.0b (86% of total revenue). Notably, cost of sales worth CN¥503.2b amounted to 97% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥4.52b 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 358's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.3% 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 3.0% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Jiangxi Copper that you should be aware of before investing here.
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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:358
Jiangxi Copper
Engages in exploring, mining, ore dressing, smelting, refining, and processing of copper in Mainland China, Hong Kong, and internationally.
Undervalued with excellent balance sheet.
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