China Modern Dairy Holdings Full Year 2024 Earnings: EPS Misses Expectations

China Modern Dairy Holdings (HKG:1117) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥13.3b (down 1.5% from FY 2023).
• Net loss: CN¥1.42b (down from CN¥175.2m profit in FY 2023).
• CN¥0.18 loss per share (down from CN¥0.022 profit in FY 2023).

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

China Modern Dairy Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 63%.

The primary driver behind last 12 months revenue was the Provision of Raw Milk segment contributing a total revenue of CN¥10.5b (79% of total revenue). Notably, cost of sales worth CN¥9.80b amounted to 74% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥3.64b 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 1117's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Food industry in Hong Kong.

Performance of the Hong Kong Food industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for China Modern Dairy Holdings that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.