Canggang Railway (HKG:2169) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥258.9m (down 26% from FY 2023).
- Net income: CN¥56.5m (down 4.3% from FY 2023).
- Profit margin: 22% (up from 17% in FY 2023).
- EPS: CN¥0.015 (in line with FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Rail Freight Transportation segment contributing a total revenue of CN¥222.4m (86% of total revenue). Notably, cost of sales worth CN¥137.7m amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CN¥35.7m (55% of total expenses). Explore how 2169's revenue and expenses shape its earnings.
Canggang Railway shares are up 24% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Canggang Railway (including 2 which make us uncomfortable).
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