Shenzhen International Holdings Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

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Shenzhen International Holdings (HKG:152) Full Year 2024 Results

Key Financial Results

  • Revenue: HK$15.6b (down 24% from FY 2023).
  • Net income: HK$2.87b (up 51% from FY 2023).
  • Profit margin: 18% (up from 9.3% in FY 2023). The increase in margin was driven by lower expenses.
  • EPS: HK$1.20 (up from HK$0.80 in FY 2023).

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SEHK:152 Revenue and Expenses Breakdown April 18th 2025

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

Shenzhen International Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 2.3%.

The primary driver behind last 12 months revenue was the Toll Roads and General-Environmental Protection Business segment contributing a total revenue of HK$10.0b (64% of total revenue). Notably, cost of sales worth HK$12.0b amounted to 77% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$2.31b 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 152'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 2.0% growth forecast for the Infrastructure industry in Hong Kong.

Performance of the Hong Kong Infrastructure industry.

The company's shares are up 4.4% from a week ago.

Risk Analysis

Be aware that Shenzhen International Holdings is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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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.