Changjiang & Jinggong Steel Building (Group) Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Changjiang & Jinggong Steel Building (Group) (SHSE:600496) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥16.5b (up 5.7% from FY 2022).
• Net income: CN¥548.4m (down 22% from FY 2022).
• Profit margin: 3.3% (down from 4.5% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.28 (down from CN¥0.35 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Changjiang & Jinggong Steel Building (Group) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Changjiang & Jinggong Steel Building (Group), and understanding it should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.