Acter Technology Integration Group Full Year 2023 Earnings: Misses Expectations

Acter Technology Integration Group (SHSE:603163) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.01b (up 23% from FY 2022).
• Net income: CN¥143.8m (up 17% from FY 2022).
• Profit margin: 7.2% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.44.

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

Acter Technology Integration Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 2 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 9.7% 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 Acter Technology Integration Group, and understanding it should be part of your investment process.

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