Zoomlion Heavy Industry Science and Technology Full Year 2023 Earnings: EPS Beats Expectations

Zoomlion Heavy Industry Science and Technology (SZSE:000157) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥47.1b (up 13% from FY 2022).
• Net income: CN¥3.51b (up 52% from FY 2022).
• Profit margin: 7.4% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.43 (up from CN¥0.27 in FY 2022).

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

Zoomlion Heavy Industry Science and Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 6.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Zoomlion Heavy Industry Science and Technology that we have uncovered.

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