Anhui Conch Cement Full Year 2024 Earnings: Misses Expectations

Simply Wall St.03-26

Anhui Conch Cement (HKG:914) Full Year 2024 Results

Key Financial Results

Revenue: CN¥91.0b (down 35% from FY 2023).
Net income: CN¥8.05b (down 25% from FY 2023).
Profit margin: 8.8% (up from 7.6% in FY 2023). The increase in margin was driven by lower expenses.
EPS: CN¥1.53 (down from CN¥2.02 in FY 2023).

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SEHK:914 Revenue and Expenses Breakdown March 26th 2025

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

Anhui Conch Cement Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 6.8%.

The primary driver behind last 12 months revenue was the Cement and Cement Related - Central China segment contributing a total revenue of CN¥52.4b (58% of total revenue). Notably, cost of sales worth CN¥72.2b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥5.66b (53% of total expenses). Explore how 914's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials industry in Hong Kong.

Performance of the Hong Kong Basic Materials industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Anhui Conch Cement you should know about.

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