China Yongda Automobiles Services Holdings Full Year 2024 Earnings: Misses Expectations

China Yongda Automobiles Services Holdings (HKG:3669) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥63.4b (down 13% from FY 2023).
• Net income: CN¥200.8m (down 65% from FY 2023).
• Profit margin: 0.3% (down from 0.8% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.10 (down from CN¥0.29 in FY 2023).

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

China Yongda Automobiles Services Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 7.8%.

Looking ahead, revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Hong Kong are expected to grow by 16%.

Performance of the Hong Kong Specialty Retail industry.

The company's shares are down 8.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for China Yongda Automobiles Services Holdings that you need to take into consideration.

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