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Nongfu Spring (HKG:9633) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥42.9b (flat on FY 2023).
• Net income: CN¥12.1b (flat on FY 2023).
• Profit margin: 28% (in line with FY 2023).
• EPS: CN¥1.08 (up from CN¥1.07 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Nongfu Spring Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 2.8%.

The primary driver behind last 12 months revenue was the Ready-To-Drink Tea Products segment contributing a total revenue of CN¥16.7b (39% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to CN¥9.17b (72% of total expenses). Explore how 9633's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are down 9.8% 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 Nongfu Spring's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.