Feng Hsin Steel Full Year 2024 Earnings: In Line With Expectations

Feng Hsin Steel (TWSE:2015) Full Year 2024 Results

Key Financial Results

• Revenue: NT$34.4b (down 1.4% from FY 2023).
• Net income: NT$2.48b (up 4.2% from FY 2023).
• Profit margin: 7.2% (up from 6.8% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: NT$4.26 (up from NT$4.08 in FY 2023).

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

Feng Hsin Steel Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Manufacture and Processing of Various Angle Irons, Round Irons, Flat Irons, Etc contributing NT$34.4b. Notably, cost of sales worth NT$30.7b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to NT$418.5m (35% of total expenses). Explore how 2015's revenue and expenses shape its earnings.

The company's shares are up 2.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Feng Hsin Steel you should be aware of.

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