Launch Tech Full Year 2024 Earnings: EPS: CN¥0.82 (vs CN¥0.39 in FY 2023)

Launch Tech (HKG:2488) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.88b (up 18% from FY 2023).
• Net income: CN¥339.5m (up 101% from FY 2023).
• Profit margin: 18% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.82 (up from CN¥0.39 in FY 2023).

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

Launch Tech Earnings Insights

The primary driver behind last 12 months revenue was the Automotive Diagnosis Segment segment contributing a total revenue of CN¥2.00b (106% of total revenue). Notably, cost of sales worth CN¥1.00b amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥251.3m (46% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥4.21m. Explore how 2488's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Auto Components industry in Hong Kong.

Performance of the Hong Kong Auto Components industry.

The company's shares are down 22% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Launch Tech .

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