Dongfeng Motor Group Full Year 2022 Earnings: Misses Expectations

Dongfeng Motor Group (HKG:489) Full Year 2022 Results

Key Financial Results

• Revenue: CN¥92.7b (down 18% from FY 2021).
• Net income: CN¥10.3b (down 9.9% from FY 2021).
• Profit margin: 11% (up from 10% in FY 2021).
• EPS: CN¥1.19 (down from CN¥1.32 in FY 2021).

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

Dongfeng Motor Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Auto industry in Hong Kong.

Performance of the Hong Kong Auto industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Dongfeng Motor Group that you need to be mindful 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.