Huitongda Network Full Year 2023 Earnings: Misses Expectations

Huitongda Network (HKG:9878) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥82.4b (up 2.6% from FY 2022).
• Net income: CN¥448.3m (up 48% from FY 2022).
• Profit margin: 0.5% (up from 0.4% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.80 (up from CN¥0.57 in FY 2022).

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

Huitongda Network Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Trade Distributors industry in Hong Kong.

Performance of the Hong Kong Trade Distributors industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Huitongda Network's balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.