Shenzhen Pagoda Industrial (Group) (HKG:2411) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥10.3b (down 9.8% from FY 2023).
- Net loss: CN¥386.0m (down by 207% from CN¥361.7m profit in FY 2023).
- CN¥0.26 loss per share (down from CN¥0.23 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shenzhen Pagoda Industrial (Group) Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates.
The primary driver behind last 12 months revenue was the Franchising segment contributing a total revenue of CN¥9.24b (90% of total revenue). Notably, cost of sales worth CN¥9.51b amounted to 93% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥605.1m (53% of total expenses). Explore how 2411's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Consumer Retailing industry in Hong Kong.
Performance of the Hong Kong Consumer Retailing industry.
The company's shares are up 2.0% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Shenzhen Pagoda Industrial (Group)'s balance sheet and an in-depth analysis of the company's financial position.
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