China Boqi Environmental (Holding) Full Year 2023 Earnings: Beats Expectations

China Boqi Environmental (Holding) (HKG:2377) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.14b (up 13% from FY 2022).
• Net income: CN¥240.2m (up 58% from FY 2022).
• Profit margin: 11% (up from 8.0% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.24 (up from CN¥0.15 in FY 2022).

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

China Boqi Environmental (Holding) Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Commercial Services industry in Hong Kong.

Performance of the Hong Kong Commercial Services industry.

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

Risk Analysis

It is worth noting though that we have found 2 warning signs for China Boqi Environmental (Holding) that you need to take into consideration.

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