COSCO SHIPPING Holdings Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St.

23 Mar

COSCO SHIPPING Holdings (HKG:1919) Full Year 2024 Results

Key Financial Results

Revenue: CN¥233.9b (up 34% from FY 2023).
Net income: CN¥49.1b (up 106% from FY 2023).
Profit margin: 21% (up from 14% in FY 2023). The increase in margin was driven by higher revenue.
EPS: CN¥3.08 (up from CN¥1.48 in FY 2023).

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SEHK:1919 Earnings and Revenue Growth March 23rd 2025

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

COSCO SHIPPING Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.

Looking ahead, revenue is expected to fall by 7.4% p.a. on average during the next 2 years compared to a 3.7% decline forecast for the Shipping industry in Hong Kong.

Performance of the Hong Kong Shipping industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for COSCO SHIPPING Holdings you should be aware of, and 1 of them is a bit unpleasant.

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