In This Article:
Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Full Year 2024 Results
Key Financial Results
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Revenue: CN¥26.5b (up 10% from FY 2023).
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Net income: CN¥6.63b (up 62% from FY 2023).
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Profit margin: 25% (up from 17% in FY 2023).
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EPS: CN¥1.68 (up from CN¥1.04 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Yangzijiang Shipbuilding (Holdings) EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) exceeded analyst estimates by 3.9%.
The primary driver behind last 12 months revenue was the Shipbuilding segment contributing a total revenue of CN¥25.2b (95% of total revenue). Notably, cost of sales worth CN¥18.9b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥639.8m (66% of total expenses). Explore how BS6's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Machinery industry in Singapore.
Performance of the Singaporean Machinery industry.
The company's shares are down 20% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Yangzijiang Shipbuilding (Holdings)'s balance sheet health.
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