- Hong Kong
- /
- Consumer Services
- /
- SEHK:667
China East Education Holdings Full Year 2023 Earnings: Misses Expectations
China East Education Holdings (HKG:667) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥3.98b (up 4.2% from FY 2022).
- Net income: CN¥272.6m (down 26% from FY 2022).
- Profit margin: 6.9% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.13 (down from CN¥0.17 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China East Education Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 36%.
The primary driver behind last 12 months revenue was the New East Culinary Education segment contributing a total revenue of CN¥1.87b (47% of total revenue). Notably, cost of sales worth CN¥2.07b amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥1.04b (63% of total expenses). Explore how 667's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Services industry in Hong Kong.
Performance of the Hong Kong Consumer Services industry.
The company's shares are up 5.0% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for China East Education Holdings that you should be aware of before investing here.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
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.
About SEHK:667
China East Education Holdings
An investment holding company, provides vocational training education services in the People's Republic of China.
Flawless balance sheet and slightly overvalued.