Nongfu Spring Full Year 2022 Earnings: EPS Beats Expectations

Simply Wall St

April 16, 2023

Nongfu Spring (HKG:9633) Full Year 2022 Results

Key Financial Results

Revenue: CN¥33.2b (up 12% from FY 2021).
Net income: CN¥8.50b (up 19% from FY 2021).
Profit margin: 26% (up from 24% in FY 2021). The increase in margin was driven by higher revenue.
EPS: CN¥0.76 (up from CN¥0.64 in FY 2021).

earnings-and-revenue-growth — SEHK:9633 Earnings and Revenue Growth April 16th 2023

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

Nongfu Spring EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are down 3.6% 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. We've done some analysis and you can see our take on Nongfu Spring's balance sheet.

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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.