Redsun Services Group Full Year 2024 Earnings: EPS: CN¥0.035 (vs CN¥0.026 in FY 2023)

Simply Wall St

March 29, 2025

Redsun Services Group (HKG:1971) Full Year 2024 Results

Key Financial Results

Revenue: CN¥1.03b (down 3.5% from FY 2023).
Net income: CN¥14.4m (up 32% from FY 2023).
Profit margin: 1.4% (up from 1.0% in FY 2023). The increase in margin was driven by lower expenses.
EPS: CN¥0.035 (up from CN¥0.026 in FY 2023).

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revenue-and-expenses-breakdown — SEHK:1971 Revenue and Expenses Breakdown March 29th 2025

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

The primary driver behind last 12 months revenue was the Property Management Services segment contributing a total revenue of CN¥822.7m (80% of total revenue). Notably, cost of sales worth CN¥827.1m amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥107.0m (58% of total expenses). Explore how 1971's revenue and expenses shape its earnings.

Redsun Services Group's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Redsun Services Group (1 can't be ignored!) that you should be aware of before investing here.

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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.