Canggang Railway Full Year 2024 Earnings: EPS: CN¥0.015 (vs CN¥0.015 in FY 2023)

Canggang Railway (HKG:2169) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥258.9m (down 26% from FY 2023).
• Net income: CN¥56.5m (down 4.3% from FY 2023).
• Profit margin: 22% (up from 17% in FY 2023).
• EPS: CN¥0.015 (in line with 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 Rail Freight Transportation segment contributing a total revenue of CN¥222.4m (86% of total revenue). Notably, cost of sales worth CN¥137.7m amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CN¥35.7m (55% of total expenses). Explore how 2169's revenue and expenses shape its earnings.

Canggang Railway shares are up 24% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Canggang Railway (including 2 which make us uncomfortable).

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