ZJLD Group Full Year 2023 Earnings: In Line With Expectations

ZJLD Group (HKG:6979) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥7.03b (up 20% from FY 2022).
• Net income: CN¥2.33b (up 126% from FY 2022).
• Profit margin: 33% (up from 18% in FY 2022). The increase in margin was primarily driven by higher revenue.
• EPS: CN¥0.78 (up from CN¥0.44 in FY 2022).

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

ZJLD Group Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Zhen Jiu segment contributing a total revenue of CN¥4.58b (65% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to CN¥1.63b (77% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥365.8m. Explore how 6979's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are up 4.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on ZJLD Group's balance sheet health.

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