Haitian International Holdings (HKG:1882) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥16.1b (up 23% from FY 2023).
- Net income: CN¥3.08b (up 24% from FY 2023).
- Profit margin: 19% (in line with FY 2023).
- EPS: CN¥1.93 (up from CN¥1.56 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Haitian International Holdings Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥10.1b (63% of total revenue). Notably, cost of sales worth CN¥10.9b amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥1.28b (59% of total expenses). Explore how 1882's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Hong Kong.
Performance of the Hong Kong Machinery industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Haitian International Holdings you should know about.
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