China Conch Venture Holdings Full Year 2023 Earnings: Misses Expectations

China Conch Venture Holdings (HKG:586) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥8.02b (up 1.5% from FY 2022).
• Net income: CN¥2.46b (down 36% from FY 2022).
• Profit margin: 31% (down from 49% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.36 (down from CN¥2.12 in FY 2022).

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

China Conch Venture Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

The company's shares are down 19% from a week ago.

Risk Analysis

Be aware that China Conch Venture Holdings is showing 3 warning signs in our investment analysis and 1 of those is significant...

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