China Water Affairs Group Full Year 2024 Earnings: Misses Expectations

China Water Affairs Group (HKG:855) Full Year 2024 Results

Key Financial Results

• Revenue: HK$12.9b (down 9.4% from FY 2023).
• Net income: HK$1.53b (down 17% from FY 2023).
• Profit margin: 12% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: HK$0.94 (down from HK$1.14 in FY 2023).

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

China Water Affairs Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Water Utilities industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 21% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for China Water Affairs Group (1 is potentially serious!) that you need to take into consideration.

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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.

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