Fufeng Group (HKG:546) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥27.8b (flat on FY 2023).
- Net income: CN¥2.31b (down 27% from FY 2023).
- Profit margin: 8.3% (down from 11% in FY 2023).
- EPS: CN¥0.92 (down from CN¥1.24 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fufeng Group Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
The primary driver behind last 12 months revenue was the Food Additives segment contributing a total revenue of CN¥14.4b (52% of total revenue). Notably, cost of sales worth CN¥22.7b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥1.96b (72% of total expenses). Explore how 546's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Chemicals industry in Hong Kong.
Performance of the Hong Kong Chemicals industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Fufeng Group that you should be aware of.
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