Harbin Electric Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Harbin Electric (HKG:1133) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥29.3b (up 19% from FY 2022).
• Net income: CN¥574.8m (up 483% from FY 2022).
• Profit margin: 2.0% (up from 0.4% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.31 (up from CN¥0.058 in FY 2022).

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

Harbin Electric EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 74%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 1.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Harbin Electric you should know about.

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