Yindu Kitchen Equipment Full Year 2023 Earnings: Misses Expectations

Yindu Kitchen Equipment (SHSE:603277) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.65b (flat on FY 2022).
• Net income: CN¥510.9m (up 14% from FY 2022).
• Profit margin: 19% (up from 17% in FY 2022).
• EPS: CN¥1.22 (up from CN¥1.08 in FY 2022).

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

Yindu Kitchen Equipment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are down 2.8% 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 have a graphic representation of Yindu Kitchen Equipment's balance sheet and an in-depth analysis of the company's financial position.

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