New Hope Service Holdings Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

May 05, 2025

New Hope Service Holdings (HKG:3658) Full Year 2024 Results

Key Financial Results

Revenue: CN¥1.48b (up 18% from FY 2023).
Net income: CN¥226.8m (up 5.5% from FY 2023).
Profit margin: 15% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: CN¥0.28 (up from CN¥0.26 in FY 2023).

We've discovered 1 warning sign about New Hope Service Holdings. View them for free.

revenue-and-expenses-breakdown — SEHK:3658 Revenue and Expenses Breakdown May 5th 2025

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

New Hope Service Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 3.8%.

The primary driver behind last 12 months revenue was the Property Management Services segment contributing a total revenue of CN¥837.5m (57% of total revenue). Notably, cost of sales worth CN¥1.03b amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥152.5m (68% of total expenses). Explore how 3658's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.6% 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 share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - New Hope Service Holdings has 1 warning sign we think you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if New Hope Service Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.