Hua Hong Semiconductor (HKG:1347) Full Year 2024 Results
Key Financial Results
- Revenue: US$2.00b (down 12% from FY 2023).
- Net income: US$58.1m (down 79% from FY 2023).
- Profit margin: 2.9% (down from 12% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.034 (down from US$0.19 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hua Hong Semiconductor EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%.
The primary driver behind last 12 months revenue was the China (Includes Hong Kong) segment contributing a total revenue of US$1.64b (82% of total revenue). Notably, cost of sales worth US$1.80b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$351.3m (97% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$213.9m. Explore how 1347's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Hong Kong.
Performance of the Hong Kong Semiconductor industry.
The company's shares are down 5.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Hua Hong Semiconductor (1 doesn't sit too well with us!) that we have uncovered.
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