Shanghai Zijiang Enterprise Group (SHSE:600210) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥9.12b (down 5.1% from FY 2022).
- Net income: CN¥559.5m (down 7.2% from FY 2022).
- Profit margin: 6.1% (down from 6.3% in FY 2022). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.37 (down from CN¥0.40 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Zijiang Enterprise Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in China.
Performance of the Chinese Packaging industry.
The company’s shares are up 2.8% from a week ago.
Risk Analysis
We should say that we’ve discovered 1 warning sign for Shanghai Zijiang Enterprise Group that you should be aware of before investing here.
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