Anhui Conch Cement (HKG:914) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥91.0b (down 35% from FY 2023).
- Net income: CN¥8.05b (down 25% from FY 2023).
- Profit margin: 8.8% (up from 7.6% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥1.53 (down from CN¥2.02 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Anhui Conch Cement Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 6.8%.
The primary driver behind last 12 months revenue was the Cement and Cement Related - Central China segment contributing a total revenue of CN¥52.4b (58% of total revenue). Notably, cost of sales worth CN¥72.2b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥5.66b (53% of total expenses). Explore how 914's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials industry in Hong Kong.
Performance of the Hong Kong Basic Materials industry.
The company's shares are down 4.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Anhui Conch Cement you should know about.
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