Sunac Services Holdings (HKG:1516) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥6.97b (flat on FY 2023).
- Net loss: CN¥451.2m (loss widened by 3.7% from FY 2023).
- CN¥0.15 loss per share (further deteriorated from CN¥0.14 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sunac Services Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Property Management and Operational Services segment contributing a total revenue of CN¥6.38b (92% of total revenue). Notably, cost of sales worth CN¥5.44b amounted to 78% of total revenue thereby underscoring the impact on earnings.Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥77.5m. Explore how 1516's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company's shares are up 2.8% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Sunac Services Holdings' balance sheet and an in-depth analysis of the company's financial position.
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About SEHK:1516
Sunac Services Holdings
An investment holding company, provides property development, cultural tourism city construction and operation, and property management services in the People’s Republic of China.
Flawless balance sheet and fair value.
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