Texhong International Group (HKG:2678) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥23.0b (up 1.3% from FY 2023).
- Net income: CN¥553.5m (up from CN¥375.7m loss in FY 2023).
- Profit margin: 2.4% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
- EPS: CN¥0.60 (up from CN¥0.41 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Texhong International Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in Hong Kong.
Performance of the Hong Kong Luxury industry.
The company's shares are up 3.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Texhong International Group has 2 warning signs (and 1 which is concerning) we think you should know about.
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