Bozhon Precision Industry TechnologyLtd Full Year 2023 Earnings: Misses Expectations

Bozhon Precision Industry TechnologyLtd (SHSE:688097) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥4.84b (flat on FY 2022).
• Net income: CN¥390.4m (up 18% from FY 2022).
• Profit margin: 8.1% (up from 6.9% in FY 2022).
• EPS: CN¥0.88 (up from CN¥0.81 in FY 2022).

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

Bozhon Precision Industry TechnologyLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 3.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Bozhon Precision Industry TechnologyLtd's balance sheet.

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