Sinopharm Group (HKG:1099) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥584.5b (down 2.0% from FY 2023).
- Net income: CN¥7.05b (down 22% from FY 2023).
- Profit margin: 1.2% (down from 1.5% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥2.26 (down from CN¥2.90 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sinopharm Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 12%.
The primary driver behind last 12 months revenue was the Pharmaceutical Distribution segment contributing a total revenue of CN¥444.4b (76% of total revenue). Notably, cost of sales worth CN¥540.3b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥17.2b (46% of total expenses). Explore how 1099's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in Hong Kong.
Performance of the Hong Kong Healthcare industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Sinopharm Group that you need to be mindful of.
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