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- SEHK:581
China Oriental Group Full Year 2023 Earnings: CN¥0.043 loss per share (vs CN¥0.22 profit in FY 2022)
China Oriental Group (HKG:581) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥46.3b (down 4.9% from FY 2022).
- Net loss: CN¥159.7m (down by 120% from CN¥807.5m profit in FY 2022).
- CN¥0.043 loss per share (down from CN¥0.22 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Iron and Steel segment contributing a total revenue of CN¥46.0b (99% of total revenue). Notably, cost of sales worth CN¥45.5b amounted to 98% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥874.1m (70% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥373.7m. Explore how 581's revenue and expenses shape its earnings.
China Oriental Group shares are down 12% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for China Oriental Group (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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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.
About SEHK:581
China Oriental Group
Manufactures and sells iron and steel products for downstream steel manufacturers in the People’s Republic of China.
Mediocre balance sheet and slightly overvalued.