Yangzijiang Shipbuilding (Holdings) Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥24.1b (up 17% from FY 2022).
• Net income: CN¥4.10b (up 57% from FY 2022).
• Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥1.04 (up from CN¥0.66 in FY 2022).

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 1.2%. Earnings per share (EPS) exceeded analyst estimates by 9.2%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Machinery industry in Singapore.

Performance of the Singaporean Machinery industry.

The company's shares are down 6.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Yangzijiang Shipbuilding (Holdings).

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