Longfor Group Holdings Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Longfor Group Holdings (HKG:960) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥127.5b (down 30% from FY 2023).
• Net income: CN¥10.4b (down 19% from FY 2023).
• Profit margin: 8.2% (up from 7.1% in FY 2023).
• EPS: CN¥1.58 (down from CN¥2.07 in FY 2023).

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

Longfor Group Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 19%.

The primary driver behind last 12 months revenue was the Property Development segment contributing a total revenue of CN¥100.8b (79% of total revenue). Notably, cost of sales worth CN¥107.1b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥4.46b (45% of total expenses). Explore how 960's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.9% 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

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Longfor Group Holdings (1 is a bit unpleasant) you should be aware of.

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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.