Chaoju Eye Care Holdings (HKG:2219) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥1.41b (up 2.6% from FY 2023).
- Net income: CN¥195.1m (down 15% from FY 2023).
- Profit margin: 14% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.28 (down from CN¥0.33 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chaoju Eye Care Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 21%.
The primary driver behind last 12 months revenue was the Consumer Ophthalmic Services segment contributing a total revenue of CN¥706.4m (50% of total revenue). Notably, cost of sales worth CN¥794.2m amounted to 57% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥239.6m (58% of total expenses). Explore how 2219's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Healthcare industry in Hong Kong.
Performance of the Hong Kong Healthcare industry.
The company's shares are down 16% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Chaoju Eye Care Holdings' balance sheet health.
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