Stock Analysis
- China
- /
- Metals and Mining
- /
- SHSE:600111
China Northern Rare Earth (Group) High-TechLtd Full Year 2023 Earnings: Beats Expectations
China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥33.5b (down 10% from FY 2022).
- Net income: CN¥2.37b (down 60% from FY 2022).
- Profit margin: 7.1% (down from 16% in FY 2022).
- EPS: CN¥0.66 (down from CN¥1.66 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Northern Rare Earth (Group) High-TechLtd Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) also surpassed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China.
Performance of the Chinese Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with China Northern Rare Earth (Group) High-TechLtd.
Valuation is complex, but we're helping make it simple.
Find out whether China Northern Rare Earth (Group) High-TechLtd is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About SHSE:600111
China Northern Rare Earth (Group) High-TechLtd
China Northern Rare Earth (Group) High-Tech Co.,Ltd produces and sells rare earth raw materials in China and internationally.
Excellent balance sheet with moderate growth potential.