Fortior Technology (Shenzhen) Full Year 2023 Earnings: Misses Expectations

Fortior Technology (Shenzhen) (SHSE:688279) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥411.4m (up 27% from FY 2022).
• Net income: CN¥174.8m (up 23% from FY 2022).
• Profit margin: 43% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.89 (up from CN¥1.68 in FY 2022).

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

Fortior Technology (Shenzhen) Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 2.1%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 3.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Fortior Technology (Shenzhen)'s balance sheet and an in-depth analysis of the company's financial position.

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