A-Living Smart City Services Full Year 2024 Earnings: Misses Expectations

A-Living Smart City Services (HKG:3319) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥13.9b (down 10% from FY 2023).
• Net loss: CN¥3.27b (down from CN¥460.9m profit in FY 2023).
• CN¥2.30 loss per share (down from CN¥0.33 profit in FY 2023).

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

A-Living Smart City Services Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates significantly.

In the last 12 months, the only revenue segment was Real Estate & Property Managers contributing CN¥13.9b. Notably, cost of sales worth CN¥11.8b amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥3.82b (71% of total expenses). Explore how 3319's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 7.1% 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 A-Living Smart City Services' balance sheet and an in-depth analysis of the company's financial position.

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