Shougang Fushan Resources Group Full Year 2023 Earnings: Misses Expectations

Shougang Fushan Resources Group (HKG:639) Full Year 2023 Results

Key Financial Results

• Revenue: HK$5.89b (down 28% from FY 2022).
• Net income: HK$1.89b (down 30% from FY 2022).
• Profit margin: 32% (down from 33% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: HK$0.38 (down from HK$0.54 in FY 2022).

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

Shougang Fushan Resources Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%.

Looking ahead, revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Hong Kong are expected to grow by 7.0%.

Performance of the Hong Kong Metals and Mining industry.

The company's shares are down 6.4% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Shougang Fushan Resources Group (1 is concerning!) that you should be aware of before investing here.

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