Huitongda Network (HKG:9878) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥60.1b (down 27% from FY 2023).
- Net income: CN¥269.7m (down 40% from FY 2023).
- Profit margin: 0.4% (down from 0.5% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.49 (down from CN¥0.80 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Huitongda Network Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Asia.
Performance of the market in Hong Kong.
The company's shares are down 7.8% 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 have a graphic representation of Huitongda Network's balance sheet and an in-depth analysis of the company's financial position.
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