Himile Mechanical Science and Technology (Shandong) Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

March 17, 2024

Himile Mechanical Science and Technology (Shandong) (SZSE:002595) Full Year 2023 Results

Key Financial Results

Revenue: CN¥7.17b (up 7.9% from FY 2022).
Net income: CN¥1.61b (up 34% from FY 2022).
Profit margin: 23% (up from 18% in FY 2022). The increase in margin was driven by higher revenue.
EPS: CN¥2.03 (up from CN¥1.51 in FY 2022).

earnings-and-revenue-growth — SZSE:002595 Earnings and Revenue Growth March 17th 2024

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

Himile Mechanical Science and Technology (Shandong) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 8.9%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 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 1.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Himile Mechanical Science and Technology (Shandong) that you should be aware of.

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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.