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SHANGHAI IND H: Annual Report 2024
Shanghai Industrial Holdings Limited Just Missed EPS By 13%: Here's What Analysts Think Will Happen Next
Citi: Maintains the 'Buy' rating for SHANGHAI IND H, with the Target Price raised to HKD 13.45.
Citi released a Research Report stating that SHANGHAI IND H (00363) declared a final dividend of 0.52 yuan last year, which means a total dividend per share of 0.94 yuan for the year, unchanged year-on-year. Management emphasized that the dividend per share for the fiscal year 2024 will remain the same year-on-year, indicating expectations of healthy cash flow for the fiscal year 2025. The bank has raised the Group's Target Price from 12.4 HKD to 13.45 HKD and maintains a rating of 'Buy'.
Announcement Highlights | "Flash" placement! NIO plans to issue no more than 0.119 billion shares; Semiconductor Manufacturing International Corporation's revenue is expected to grow nearly 28% year-on-year in 2024.
CNOOC's net profit in 2024 exceeds 130 billion yuan; New China Life Insurance's annual profit increased approximately twofold year-on-year.
Shanghai Industrial's Profit Slides in 2024
SHANGHAI IND H (00363.HK) reported a net profit of 2.808 billion HKD in 2024, a year-on-year decrease of 18.0%.
Gelonghui reported on March 27 that SHANGHAI IND H (00363.HK) announced its audited annual performance for the year ending December 31, 2024. The group's audited turnover was 28.918 billion HKD, a decrease of 11.6% compared to the previous year. The audited Net income was 2.808 billion HKD, a year-on-year decrease of 18.0%. The Board of Directors proposed a final dividend of 52 HK cents per share for the year ending December 31, 2024 (2023: 52 HK cents per share). In addition to the interim dividend of 42 HK cents per share already distributed during the year (2023: 42 HK cents per share), the total annual dividend is per share.
Why Shanghai Industrial Holdings Limited (HKG:363) Could Be Worth Watching
