Cheerwin Group Full Year 2023 Earnings: EPS Beats Expectations

Cheerwin Group (HKG:6601) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.62b (up 12% from FY 2022).
• Net income: CN¥175.0m (up 170% from FY 2022).
• Profit margin: 11% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.13 (up from CN¥0.049 in FY 2022).

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

Cheerwin Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 60%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Household Products industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 13% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Cheerwin Group (of which 1 is a bit concerning!) you should know about.

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