China Lesso Group Holdings (HKG:2128) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥27.0b (down 12% from FY 2023).
- Net income: CN¥1.68b (down 29% from FY 2023).
- Profit margin: 6.2% (down from 7.7% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.55 (down from CN¥0.77 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Lesso Group Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Building industry in Asia.
Performance of the market in Hong Kong.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with China Lesso Group Holdings (at least 1 which is concerning), and understanding these should be part of your investment process.
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