Bairong Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Bairong (HKG:6608) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.68b (up 31% from FY 2022).
• Net income: CN¥340.5m (up 42% from FY 2022).
• Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.72 (up from CN¥0.50 in FY 2022).

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

Bairong Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 2.5%.

In the last 12 months, the only revenue segment was Data Processing contributing CN¥2.68b. The largest operating expense was Sales & Marketing costs, amounting to CN¥1.07b (65% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥55.0m. Explore how 6608's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Capital Markets industry in Hong Kong.

Performance of the Hong Kong Capital Markets industry.

The company's shares are up 2.8% 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. See our latest analysis on Bairong's balance sheet health.

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