Jiangxi Copper (HKG:358) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥520.9b (flat on FY 2023).
- Net income: CN¥6.96b (up 7.0% from FY 2023).
- Profit margin: 1.3% (in line with FY 2023).
- EPS: CN¥2.02 (up from CN¥1.88 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jiangxi Copper Revenues Disappoint
Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Copper Related Industries segment contributing a total revenue of CN¥450.0b (86% of total revenue). Notably, cost of sales worth CN¥503.2b amounted to 97% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥4.52b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 358's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in Hong Kong.
Performance of the Hong Kong Metals and Mining industry.
The company's shares are down 3.0% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Jiangxi Copper that you should be aware of before investing here.
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