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).

Our free stock report includes 1 warning sign investors should be aware of before investing in Tiangong International. Read for free now.

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 10%. Earnings per share (EPS) also missed analyst estimates by 3.2%.

The primary driver behind last 12 months revenue was the Die Steel (DS) segment contributing a total revenue of CN¥2.27b (47% of total revenue). Notably, cost of sales worth CN¥3.85b amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥301.5m (48% of total expenses). Explore how 826's revenue and expenses shape its earnings.

The company's shares are up 13% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Tiangong International that you need to be mindful of.

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