Poly Developments and Holdings Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Poly Developments and Holdings Group (SHSE:600048) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥346.9b (up 23% from FY 2022).
• Net income: CN¥12.1b (down 34% from FY 2022).
• Profit margin: 3.5% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.01 (down from CN¥1.53 in FY 2022).

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

Poly Developments and Holdings Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 37%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Real Estate industry in China.

Performance of the Chinese Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Poly Developments and Holdings Group (1 shouldn't be ignored) you should be aware of.

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