Tiangong International Full Year 2024 Earnings: Misses Expectations

Tiangong International (HKG:826) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥4.83b (down 6.4% from FY 2023).
• Net income: CN¥358.8m (down 3.1% from FY 2023).
• Profit margin: 7.4% (up from 7.2% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.13 (down from CN¥0.13 in FY 2023).

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

Tiangong International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 2 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 up 1.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Tiangong International's balance sheet.

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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.