China MeiDong Auto Holdings Full Year 2024 Earnings: EPS Misses Expectations

China MeiDong Auto Holdings (HKG:1268) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥22.2b (down 22% from FY 2023).
• Net loss: CN¥2.26b (down from CN¥140.2m profit in FY 2023).
• CN¥1.68 loss per share (down from CN¥0.10 profit in FY 2023).

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

China MeiDong Auto Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

In the last 12 months, the only revenue segment was Sales of Passenger Vehicles and Provision of After-Sales Services contributing CN¥22.2b. Notably, cost of sales worth CN¥20.6b amounted to 93% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥2.68b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 1268's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Hong Kong are expected to grow by 18%.

Performance of the Hong Kong Specialty Retail industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on China MeiDong Auto Holdings' balance sheet health.

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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.