Wanguo Gold Group Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Wanguo Gold Group (HKG:3939) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.88b (up 43% from FY 2023).
• Net income: CN¥575.4m (up 72% from FY 2023).
• Profit margin: 31% (up from 26% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.66 (up from CN¥0.41 in FY 2023).

We've discovered 3 warning signs about Wanguo Gold Group. View them for free.

3939 Production and Reserves

Gold

• Proved and probable reserves (ore): 27.7 Mt (28.7 Mt in FY 2023)

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

Wanguo Gold Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in Hong Kong.

Performance of the Hong Kong Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Wanguo Gold Group (1 is potentially serious) you should be aware of.

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