Tingyi (Cayman Islands) Holding (HKG:322) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥80.7b (flat on FY 2023).
- Net income: CN¥3.73b (up 20% from FY 2023).
- Profit margin: 4.6% (up from 3.9% in FY 2023).
- EPS: CN¥0.66 (up from CN¥0.55 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tingyi (Cayman Islands) Holding EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%.
The primary driver behind last 12 months revenue was the Beverages segment contributing a total revenue of CN¥51.6b (64% of total revenue). Notably, cost of sales worth CN¥54.0b amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥18.0b (79% of total expenses). Explore how 322's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Food industry in Hong Kong.
Performance of the Hong Kong Food industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Tingyi (Cayman Islands) Holding, and understanding this should be part of your investment process.
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