Lonking Holdings (HKG:3339) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥10.2b (down 2.9% from FY 2023).
- Net income: CN¥1.02b (up 58% from FY 2023).
- Profit margin: 10.0% (up from 6.1% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.24 (up from CN¥0.15 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lonking Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 32%.
The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥7.02b (69% of total revenue). Notably, cost of sales worth CN¥8.22b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥447.5m (41% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥116.3m. Explore how 3339's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Hong Kong.
Performance of the Hong Kong Machinery industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Lonking Holdings is showing 1 warning sign in our investment analysis that you should know about...
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