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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