China XLX Fertiliser Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

China XLX Fertiliser (HKG:1866) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥23.5b (up 1.7% from FY 2022).
• Net income: CN¥1.19b (down 11% from FY 2022).
• Profit margin: 5.1% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.97 (down from CN¥1.10 in FY 2022).

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

China XLX Fertiliser Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Chemicals industry in Hong Kong.

Performance of the Hong Kong Chemicals industry.

The company's shares are up 4.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - China XLX Fertiliser has 2 warning signs we think you should be aware of.

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