Shenzhen Kinwong Electronic Full Year 2023 Earnings: Misses Expectations

Shenzhen Kinwong Electronic (SHSE:603228) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥10.8b (up 2.3% from FY 2022).
• Net income: CN¥936.3m (down 12% from FY 2022).
• Profit margin: 8.7% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.11 (down from CN¥1.27 in FY 2022).

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

Shenzhen Kinwong Electronic Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 8.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Shenzhen Kinwong Electronic that you should be aware of.

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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.