China New City Group Full Year 2024 Earnings: EPS: CN¥0.25 (vs CN¥0.20 loss in FY 2023)

China New City Group (HKG:1321) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥4.10b (up 216% from FY 2023).
• Net income: CN¥503.9m (up from CN¥404.1m loss in FY 2023).
• Profit margin: 12% (up from net loss in FY 2023).
• EPS: CN¥0.25 (up from CN¥0.20 loss in 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 Commercial Property Development segment contributing a total revenue of CN¥3.70b (90% of total revenue). The most substantial expense, totaling CN¥1.29b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 1321's revenue and expenses shape its earnings.

China New City Group shares are up 1.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for China New City Group (of which 1 is concerning!) you should know about.

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