Nancal TechnologyLtd Full Year 2023 Earnings: Misses Expectations

Nancal TechnologyLtd (SHSE:603859) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.41b (up 14% from FY 2022).
• Net income: CN¥219.5m (up 11% from FY 2022).
• Profit margin: 16% (in line with FY 2022).
• EPS: CN¥1.33 (up from CN¥1.20 in FY 2022).

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

Nancal TechnologyLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 23% 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 13% 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've done some analysis and you can see our take on Nancal TechnologyLtd's balance sheet.

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