Redsun Services Group (HKG:1971) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.03b (down 3.5% from FY 2023).
• Net income: CN¥14.4m (up 32% from FY 2023).
• Profit margin: 1.4% (up from 1.0% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.035 (up from CN¥0.026 in FY 2023).

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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 Property Management Services segment contributing a total revenue of CN¥822.7m (80% of total revenue). Notably, cost of sales worth CN¥827.1m amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥107.0m (58% of total expenses). Explore how 1971's revenue and expenses shape its earnings.

Redsun Services Group's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Redsun Services Group (1 can't be ignored!) that you should be aware of before investing here.

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