Wasion Holdings (HKG:3393) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥8.72b (up 20% from FY 2023).
- Net income: CN¥705.6m (up 35% from FY 2023).
- Profit margin: 8.1% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.71 (up from CN¥0.53 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wasion Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.
The primary driver behind last 12 months revenue was the Power Advanced Metering Infrastructure segment contributing a total revenue of CN¥3.22b (37% of total revenue). Notably, cost of sales worth CN¥5.68b amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥737.6m (32% of total expenses). Explore how 3393's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Hong Kong.
Performance of the Hong Kong Electronic industry.
The company's shares are up 13% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Wasion Holdings that you need to take into consideration.
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