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Weifu High-Technology Group Full Year 2023 Earnings: EPS Beats Expectations
Weifu High-Technology Group (SZSE:000581) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥11.1b (down 13% from FY 2022).
- Net income: CN¥1.84b (up by CN¥1.72b from FY 2022).
- Profit margin: 17% (up from 0.9% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: CN¥1.88 (up from CN¥0.09 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Weifu High-Technology Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.3%.
Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Auto Components industry in China.
Performance of the Chinese Auto Components industry.
The company's shares are up 3.3% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Weifu High-Technology Group's balance sheet.
Valuation is complex, but we're helping make it simple.
Find out whether Weifu High-Technology Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SZSE:000581
Weifu High-Technology Group
Weifu High-Technology Group Co., Ltd. researches, develops, produces, and sells automotive core products primarily in the People’s Republic of China.
Excellent balance sheet average dividend payer.