Hainan Jinpan Smart Technology Full Year 2023 Earnings: Misses Expectations

Hainan Jinpan Smart Technology (SHSE:688676) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥6.67b (up 41% from FY 2022).
• Net income: CN¥504.3m (up 78% from FY 2022).
• Profit margin: 7.6% (up from 6.0% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥1.18 (up from CN¥0.67 in FY 2022).

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

Hainan Jinpan Smart Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 3.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Hainan Jinpan Smart Technology's balance sheet and an in-depth analysis of the company's financial position.

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