Greentown Management Holdings Full Year 2022 Earnings: Misses Expectations

Greentown Management Holdings (HKG:9979) Full Year 2022 Results

Key Financial Results

• Revenue: CN¥2.66b (up 18% from FY 2021).
• Net income: CN¥744.5m (up 32% from FY 2021).
• Profit margin: 28% (up from 25% in FY 2021). The increase in margin was driven by higher revenue.
• EPS: CN¥0.38 (up from CN¥0.29 in FY 2021).

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

Greentown Management Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Greentown Management Holdings that we have uncovered.

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