Stock Analysis

China Resources Beer (Holdings) Full Year 2022 Earnings: EPS Beats Expectations, Revenues Lag

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SEHK:291
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China Resources Beer (Holdings) (HKG:291) Full Year 2022 Results

Key Financial Results

  • Revenue: CN¥35.3b (up 5.6% from FY 2021).
  • Net income: CN¥4.34b (down 5.3% from FY 2021).
  • Profit margin: 12% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses.
  • EPS: CN¥1.34 (down from CN¥1.41 in FY 2021).
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SEHK:291 Earnings and Revenue Growth April 20th 2023

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

China Resources Beer (Holdings) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 6.8%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are up 1.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of China Resources Beer (Holdings)'s balance sheet and an in-depth analysis of the company's financial position.

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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.