China Steel (TWSE:2002) Full Year 2024 Results
Key Financial Results
- Revenue: NT$360.5b (flat on FY 2023).
- Net income: NT$1.92b (up 18% from FY 2023).
- Profit margin: 0.5% (up from 0.4% in FY 2023).
- EPS: NT$0.13 (up from NT$0.11 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Steel EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%.
The primary driver behind last 12 months revenue was the Steel Department segment contributing a total revenue of NT$339.4b (94% of total revenue). Notably, cost of sales worth NT$345.2b amounted to 96% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to NT$6.91b (51% of total expenses). Explore how 2002's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Taiwan.
Performance of the Taiwanese Metals and Mining industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for China Steel that you should be aware of.
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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.
About TWSE:2002
China Steel
Manufactures and sells steel products in Taiwan, Vietnam, Malaysia, China, India, and internationally.
Good value with proven track record.
