Maiyue Technology Full Year 2024 Earnings: EPS: CN¥0.001 (vs CN¥0.057 in FY 2023)

Maiyue Technology (HKG:2501) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥274.7m (up 6.0% from FY 2023).
• Net income: CN¥433.0k (down 98% from FY 2023).
• Profit margin: 0.2% (down from 8.8% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.001 (down from CN¥0.057 in FY 2023).

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

The primary driver behind last 12 months revenue was the Provision of Integrated IT Solution Services segment contributing a total revenue of CN¥187.1m (68% of total revenue). Notably, cost of sales worth CN¥206.1m amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥50.3m (74% of total expenses). Explore how 2501's revenue and expenses shape its earnings.

Maiyue Technology's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Maiyue Technology (1 makes us a bit uncomfortable!) that you need to be mindful of.

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