Kangji Medical Holdings (HKG:9997) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥1.01b (up 8.9% from FY 2023).
- Net income: CN¥581.4m (up 15% from FY 2023).
- Profit margin: 58% (up from 54% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.49 (up from CN¥0.43 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kangji Medical Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 4.7%.
The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥909.7m (90% of total revenue). The largest operating expense was General & Administrative costs, amounting to CN¥97.1m (38% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥41.1m. Explore how 9997's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Medical Equipment industry in Hong Kong.
Performance of the Hong Kong Medical Equipment industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Kangji Medical Holdings you should be aware of.
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