Juneyao Airlines Full Year 2023 Earnings: Misses Expectations

Juneyao Airlines (SHSE:603885) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥20.1b (up 145% from FY 2022).
• Net income: CN¥751.3m (up from CN¥4.15b loss in FY 2022).
• Profit margin: 3.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: CN¥0.34 (up from CN¥2.03 loss in FY 2022).

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

Juneyao Airlines Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Airlines industry in Asia.

Performance of the market in China.

The company's shares are down 4.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Juneyao Airlines that you should be aware of.

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