Sinoma International EngineeringLtd Full Year 2023 Earnings: Beats Expectations

Sinoma International EngineeringLtd (SHSE:600970) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥45.8b (up 18% from FY 2022).
• Net income: CN¥2.92b (up 33% from FY 2022).
• Profit margin: 6.4% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥1.12 (up from CN¥0.98 in FY 2022).

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

Sinoma International EngineeringLtd Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in China.

Performance of the Chinese Construction industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Sinoma International EngineeringLtd has 1 warning sign we think you should be aware of.

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