Shougang Fushan Resources Group (HKG:639) Full Year 2024 Results
Key Financial Results
- Revenue: HK$5.06b (down 14% from FY 2023).
- Net income: HK$1.49b (down 21% from FY 2023).
- Profit margin: 30% (down from 32% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: HK$0.30 (down from HK$0.38 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shougang Fushan Resources Group Revenues Disappoint
Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Hong Kong are expected to grow by 5.6%.
Performance of the Hong Kong Metals and Mining industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Shougang Fushan Resources Group (of which 1 can't be ignored!) you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.