Hengan International Group (HKG:1044) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥22.7b (down 4.6% from FY 2023).
- Net income: CN¥2.30b (down 18% from FY 2023).
- Profit margin: 10% (down from 12% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥2.02 (down from CN¥2.42 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hengan International Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 11%.
The primary driver behind last 12 months revenue was the Tissue Paper Products segment contributing a total revenue of CN¥14.1b (62% of total revenue). Notably, cost of sales worth CN¥15.3b amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥3.69b (73% of total expenses). Explore how 1044's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Personal Products industry in Hong Kong.
Performance of the Hong Kong Personal Products industry.
The company's shares are up 1.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Hengan International Group that you need to take into consideration.
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