HC Group Full Year 2023 Earnings: CN¥0.81 loss per share (vs CN¥0.17 loss in FY 2022)

HC Group (HKG:2280) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥18.4b (up 9.3% from FY 2022).
• Net loss: CN¥1.06b (loss widened by 370% from FY 2022).
• CN¥0.81 loss per share (further deteriorated from CN¥0.17 loss in FY 2022).

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

The primary driver behind last 12 months revenue was the Smart Industries segment contributing a total revenue of CN¥17.2b (93% of total revenue). Notably, cost of sales worth CN¥18.1b amounted to 98% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥956.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 2280's revenue and expenses shape its earnings.

HC Group shares are up 7.3% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for HC Group (1 can't be ignored!) that you should be aware of before investing here.

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