Stock Analysis

Shandong Gold Mining Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

SHSE:600547
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Shandong Gold Mining (SHSE:600547) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥59.3b (up 18% from FY 2022).
  • Net income: CN¥2.27b (up 154% from FY 2022).
  • Profit margin: 3.8% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.40 (up from CN¥0.20 in FY 2022).
earnings-and-revenue-growth
SHSE:600547 Earnings and Revenue Growth March 30th 2024

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

Shandong Gold Mining Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 11% from a week ago.

Valuation

Following the latest earnings results, Shandong Gold Mining may be overvalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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Find out whether Shandong Gold Mining 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.

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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.