Shougang Fushan Resources Group Full Year 2024 Earnings: Revenues Disappoint

Shougang Fushan Resources Group (HKG:639) Full Year 2024 Results

Key Financial Results

• Revenue: HK$5.06b (down 14% from FY 2023).
• Net income: HK$1.49b (down 21% from FY 2023).
• Profit margin: 30% (down from 32% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: HK$0.30 (down from HK$0.38 in FY 2023).

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

Shougang Fushan Resources Group Revenues Disappoint

Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

In the last 12 months, the only revenue segment was Coking Coal Mining contributing HK$5.06b. The most substantial expense, totaling HK$761.9m 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 639's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Hong Kong are expected to grow by 5.8%.

Performance of the Hong Kong Metals and Mining industry.

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

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Shougang Fushan Resources Group (1 is a bit unpleasant!) that we have uncovered.

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