Stock Analysis
- Hong Kong
- /
- Auto Components
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- SEHK:1571
Xin Point Holdings Full Year 2023 Earnings: Beats Expectations
Xin Point Holdings (HKG:1571) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥3.10b (up 7.6% from FY 2022).
- Net income: CN¥607.4m (up 41% from FY 2022).
- Profit margin: 20% (up from 15% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: CN¥0.61 (up from CN¥0.43 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Xin Point Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong.
Performance of the Hong Kong Auto Components industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Xin Point Holdings 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.
About SEHK:1571
Xin Point Holdings
Xin Point Holdings Limited, an investment holding company, manufactures and sells automotive and electronic components in China, North America, Europe, and internationally.
Undervalued with solid track record.