Shanghai Industrial Holdings Full Year 2023 Earnings: Beats Expectations

Shanghai Industrial Holdings (HKG:363) Full Year 2023 Results

Key Financial Results

• Revenue: HK$32.7b (up 4.3% from FY 2022).
• Net income: HK$3.42b (up 48% from FY 2022).
• Profit margin: 11% (up from 7.4% in FY 2022).
• EPS: HK$3.15 (up from HK$2.13 in FY 2022).

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

Shanghai Industrial Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 14%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Industrials industry in Hong Kong.

Performance of the Hong Kong Industrials industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Shanghai Industrial Holdings (1 is potentially serious!) that you should be aware of before investing here.

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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.