Yihai International Holding (HKG:1579) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥6.54b (up 6.4% from FY 2023).
• Net income: CN¥739.4m (down 13% from FY 2023).
• Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.76 (down from CN¥0.88 in FY 2023).

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

Yihai International Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 5.1%.

The primary driver behind last 12 months revenue was the Southern China segment contributing a total revenue of CN¥3.29b (50% of total revenue). Notably, cost of sales worth CN¥4.49b amounted to 69% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥771.5m (59% of total expenses). Explore how 1579's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in Hong Kong.

Performance of the Hong Kong Food industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Yihai International Holding.

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