Bairong (HKG:6608) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥2.93b (up 9.3% from FY 2023).
- Net income: CN¥266.2m (down 22% from FY 2023).
- Profit margin: 9.1% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.58 (down from CN¥0.72 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bairong Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 23%.
In the last 12 months, the only revenue segment was Data Processing contributing CN¥2.93b. The largest operating expense was Sales & Marketing costs, amounting to CN¥1.12b (57% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥96.0m. Explore how 6608's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Capital Markets industry in Hong Kong.
Performance of the Hong Kong Capital Markets industry.
The company's shares are up 5.3% from a week ago.
Valuation
It's possible that Bairong could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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