Jiangsu Tongxingbao Intelligent Transportation Technology Full Year 2023 Earnings: Misses Expectations

Jiangsu Tongxingbao Intelligent Transportation Technology (SZSE:301339) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥741.6m (up 24% from FY 2022).
• Net income: CN¥191.0m (up 27% from FY 2022).
• Profit margin: 26% (in line with FY 2022).
• EPS: CN¥0.47 (up from CN¥0.42 in FY 2022).

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

Jiangsu Tongxingbao Intelligent Transportation Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 28% 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 5.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Jiangsu Tongxingbao Intelligent Transportation Technology that you should be aware of.

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