SUPCON Technology Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

SUPCON Technology (SHSE:688777) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥8.62b (up 30% from FY 2022).
• Net income: CN¥1.10b (up 38% from FY 2022).
• Profit margin: 13% (in line with FY 2022).
• EPS: CN¥1.44 (up from CN¥1.11 in FY 2022).

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

SUPCON Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 4.5%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 14% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for SUPCON Technology that you should be aware of before investing here.

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