Metallurgical Corporation of China (HKG:1618) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥552.0b (down 13% from FY 2023).
- Net income: CN¥4.88b (down 29% from FY 2023).
- Profit margin: 0.9% (down from 1.1% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.24 (down from CN¥0.33 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Metallurgical Corporation of China Earnings Insights
The primary driver behind last 12 months revenue was the Engineering Contracting segment contributing a total revenue of CN¥501.5b (91% of total revenue). Notably, cost of sales worth CN¥500.4b amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥18.5b (40% of total expenses). Explore how 1618's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Construction industry in Hong Kong.
Performance of the Hong Kong Construction industry.
The company's shares are down 7.8% from a week ago.
Risk Analysis
Be aware that Metallurgical Corporation of China is showing 1 warning sign in our investment analysis that you should know about...
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