China New Higher Education Group Full Year 2023 Earnings: EPS Beats Expectations

China New Higher Education Group (HKG:2001) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.12b (up 10% from FY 2022).
• Net income: CN¥703.3m (up 13% from FY 2022).
• Profit margin: 33% (in line with FY 2022).
• EPS: CN¥0.45 (up from CN¥0.40 in FY 2022).

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

China New Higher Education Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%.

In the last 12 months, the only revenue segment was Provision of Education Services contributing CN¥2.12b. Notably, cost of sales worth CN¥1.31b amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥95.7m (73% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥28.8m. Explore how 2001's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Services industry in Hong Kong.

Performance of the Hong Kong Consumer Services industry.

The company's shares are up 6.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for China New Higher Education Group you should know about.

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