China Resources Beer (Holdings) (HKG:291) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥38.6b (flat on FY 2023).
- Net income: CN¥4.74b (down 8.0% from FY 2023).
- Profit margin: 12% (in line with FY 2023).
- EPS: CN¥1.46 (down from CN¥1.59 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Resources Beer (Holdings) Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 9.2%.
The primary driver behind last 12 months revenue was the Eastern Region segment contributing a total revenue of CN¥18.3b (47% of total revenue). Notably, cost of sales worth CN¥22.2b amounted to 57% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥8.38b (71% of total expenses). Explore how 291's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Beverage industry in Hong Kong.
Performance of the Hong Kong Beverage industry.
The company's shares are up 14% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on China Resources Beer (Holdings)'s balance sheet.
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