Beijing Roborock Technology Full Year 2023 Earnings: EPS Beats Expectations

Simply Wall St

April 01, 2024

Beijing Roborock Technology (SHSE:688169) Full Year 2023 Results

Key Financial Results

Revenue: CN¥8.65b (up 31% from FY 2022).
Net income: CN¥2.05b (up 73% from FY 2022).
Profit margin: 24% (up from 18% in FY 2022). The increase in margin was driven by higher revenue.
EPS: CN¥15.66 (up from CN¥9.04 in FY 2022).

revenue-and-expenses-breakdown — SHSE:688169 Revenue and Expenses Breakdown April 1st 2024

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

Beijing Roborock Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%.

The primary driver behind last 12 months revenue was the China segment contributing a total revenue of CN¥4.41b (51% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to CN¥1.82b (68% of total expenses). Explore how 688169's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are up 5.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Beijing Roborock Technology that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Beijing Roborock Technology might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.