Midea Real Estate Holding (HKG:3990) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥3.73b (up 33% from FY 2023).
- Net income: CN¥778.7m (up from CN¥816.9m loss in FY 2023).
- Profit margin: 21% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
- EPS: CN¥0.55 (up from CN¥0.59 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Midea Real Estate Holding Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company's shares are up 3.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Midea Real Estate Holding that you should be aware of.
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