Xinyi Glass Holdings (HKG:868) Full Year 2024 Results
Key Financial Results
- Revenue: HK$22.3b (down 17% from FY 2023).
- Net income: HK$3.37b (down 37% from FY 2023).
- Profit margin: 15% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: HK$0.79 (down from HK$1.29 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Xinyi Glass Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Building industry in Asia.
Performance of the market in Hong Kong.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Xinyi Glass Holdings has 1 warning sign we think you should be aware of.
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