China National Building Material (HKG:3323) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥181.3b (down 14% from FY 2023).
- Net income: CN¥2.39b (down 38% from FY 2023).
- Profit margin: 1.3% (down from 1.8% in FY 2023).
- EPS: CN¥0.28 (down from CN¥0.46 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China National Building Material EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 131%.
The primary driver behind last 12 months revenue was the Cement segment contributing a total revenue of CN¥66.5b (37% of total revenue). Notably, cost of sales worth CN¥148.6b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥20.9b (69% of total expenses). Explore how 3323's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in Hong Kong.
Performance of the Hong Kong Basic Materials industry.
The company's shares are up 2.0% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with China National Building Material (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.
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