Kangji Medical Holdings Full Year 2023 Earnings: Misses Expectations

Kangji Medical Holdings (HKG:9997) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥926.0m (up 18% from FY 2022).
• Net income: CN¥504.0m (up 5.3% from FY 2022).
• Profit margin: 54% (down from 61% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.43 (up from CN¥0.40 in FY 2022).

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

Kangji Medical Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 6.8%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Medical Equipment industry in Hong Kong.

Performance of the Hong Kong Medical Equipment industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Kangji Medical Holdings you should know about.

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