Sunny Optical Technology (Group) (HKG:2382) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥38.3b (up 21% from FY 2023).
- Net income: CN¥2.70b (up 146% from FY 2023).
- Profit margin: 7.0% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥2.48 (up from CN¥1.01 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sunny Optical Technology (Group) EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong.
Performance of the Hong Kong Electronic industry.
The company's shares are down 13% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Sunny Optical Technology (Group)'s balance sheet.
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