Stock Analysis
Hunan Oil Pump Full Year 2023 Earnings: Misses Expectations
Hunan Oil Pump (SHSE:603319) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥1.91b (up 17% from FY 2022).
- Net income: CN¥216.7m (up 28% from FY 2022).
- Profit margin: 11% (up from 10% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: CN¥1.04 (up from CN¥0.82 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hunan Oil Pump Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 8.8%.
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China.
Performance of the Chinese Machinery industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Hunan Oil Pump that we have uncovered.
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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.
About SHSE:603319
Hunan Oil Pump
Engages in the manufacture and sale of oil pumps in China and internationally.
Flawless balance sheet with solid track record.