Hongfa Technology (SHSE:600885) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥12.9b (up 10% from FY 2022).
- Net income: CN¥1.39b (up 12% from FY 2022).
- Profit margin: 11% (in line with FY 2022).
- EPS: CN¥1.34 (up from CN¥1.20 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hongfa Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 1.9%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China.
Performance of the Chinese Electrical industry.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
Don’t forget that there may still be risks. For instance, we’ve identified 1 warning sign for Hongfa Technology that you should be aware of.
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