Sunny Optical Technology (Group) Full Year 2024 Earnings: EPS Beats Expectations

Sunny Optical Technology (Group) (HKG:2382) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥38.3b (up 21% from FY 2023).
• Net income: CN¥2.70b (up 146% from FY 2023).
• Profit margin: 7.0% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥2.48 (up from CN¥1.01 in FY 2023).

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

Sunny Optical Technology (Group) EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%.

The primary driver behind last 12 months revenue was the Optoelectronic Products segment contributing a total revenue of CN¥26.2b (68% of total revenue). Notably, cost of sales worth CN¥31.3b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥2.92b (61% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥455.9m. Explore how 2382's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong.

Performance of the Hong Kong Electronic industry.

The company's shares are up 4.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Sunny Optical Technology (Group)'s balance sheet.

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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.