Huitongda Network Full Year 2024 Earnings: Misses Expectations

Huitongda Network (HKG:9878) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥60.1b (down 27% from FY 2023).
• Net income: CN¥269.7m (down 40% from FY 2023).
• Profit margin: 0.4% (down from 0.5% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.49 (down from CN¥0.80 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Huitongda Network Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 7.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Huitongda Network's balance sheet and an in-depth analysis of the company's financial position.

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