Shanghai Kindly Enterprise Development GroupLTD Full Year 2023 Earnings: Misses Expectations

Shanghai Kindly Enterprise Development GroupLTD (SHSE:603987) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.45b (down 21% from FY 2022).
• Net income: CN¥230.9m (down 26% from FY 2022).
• Profit margin: 9.4% (in line with FY 2022).
• EPS: CN¥0.53 (down from CN¥0.71 in FY 2022).

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

Shanghai Kindly Enterprise Development GroupLTD Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Medical Equipment industry in China.

Performance of the Chinese Medical Equipment industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Shanghai Kindly Enterprise Development GroupLTD that you need to be mindful of.

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