Stock Analysis

AviChina Industry & Technology Full Year 2022 Earnings: Misses Expectations

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AviChina Industry & Technology (HKG:2357) Full Year 2022 Results

Key Financial Results

  • Revenue: CN¥63.6b (up 5.5% from FY 2021).
  • Net income: CN¥2.22b (down 6.5% from FY 2021).
  • Profit margin: 3.5% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.29 (down from CN¥0.31 in FY 2021).
SEHK:2357 Earnings and Revenue Growth March 17th 2023

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

AviChina Industry & Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 3.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on AviChina Industry & Technology's balance sheet health.

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