CSPC Pharmaceutical Group (HKG:1093) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥29.0b (down 7.8% from FY 2023).
- Net income: CN¥4.33b (down 26% from FY 2023).
- Profit margin: 15% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.37 (down from CN¥0.49 in FY 2023).
1093 Post-Clinical Trial Products
- Pre-registration: 9.
- Approved (during full year): 16.
All figures shown in the chart above are for the trailing 12 month (TTM) period
CSPC Pharmaceutical Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 12%.
The primary driver behind last 12 months revenue was the Finished Drugs segment contributing a total revenue of CN¥23.7b (82% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to CN¥8.66b (54% of total expenses). Explore how 1093's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Pharmaceuticals industry in Hong Kong.
Performance of the Hong Kong Pharmaceuticals industry.
The company's shares are up 4.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for CSPC Pharmaceutical Group that you should be aware of.
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