China Enterprise (SHSE:600675) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥13.2b (up 407% from FY 2022).
- Net income: CN¥556.8m (up by CN¥533.7m from FY 2022).
- Profit margin: 4.2% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: CN¥0.09 (up from CN¥0.004 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Enterprise Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 64%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Real Estate industry in China.
Performance of the Chinese Real Estate industry.
The company’s shares are up 7.0% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we’ve spotted with China Enterprise.
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