Stock Analysis

Yindu Kitchen Equipment Full Year 2023 Earnings: Misses Expectations

SHSE:603277

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).
SHSE:603277 Earnings and Revenue Growth April 17th 2024

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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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.