Longfor Group Holdings (HKG:960) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥127.5b (down 30% from FY 2023).
- Net income: CN¥10.4b (down 19% from FY 2023).
- Profit margin: 8.2% (up from 7.1% in FY 2023).
- EPS: CN¥1.58 (down from CN¥2.07 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Longfor Group Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 19%.
The primary driver behind last 12 months revenue was the Property Development segment contributing a total revenue of CN¥100.8b (79% of total revenue). Notably, cost of sales worth CN¥107.1b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥4.46b (45% of total expenses). Explore how 960's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 4.3%.
Performance of the Hong Kong Real Estate industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Longfor Group Holdings (2 shouldn't be ignored!) that we have uncovered.
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