China Resources Medical Holdings (HKG:1515) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥9.85b (down 2.5% from FY 2023).
- Net income: CN¥565.9m (up 120% from FY 2023).
- Profit margin: 5.7% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.45 (up from CN¥0.20 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Resources Medical Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 19%.
The primary driver behind last 12 months revenue was the Hospital Business segment contributing a total revenue of CN¥9.18b (93% of total revenue). Notably, cost of sales worth CN¥8.04b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥1.05b (84% of total expenses). Explore how 1515's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Healthcare industry in Hong Kong.
Performance of the Hong Kong Healthcare industry.
The company's shares are down 9.5% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for China Resources Medical Holdings that you should be aware of before investing here.
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