Xingfa Aluminium Holdings Full Year 2022 Earnings: Misses Expectations

Xingfa Aluminium Holdings (HKG:98) Full Year 2022 Results

Key Financial Results

• Revenue: CN¥16.9b (up 9.7% from FY 2021).
• Net income: CN¥457.8m (down 48% from FY 2021).
• Profit margin: 2.7% (down from 5.8% in FY 2021). The decrease in margin was driven by higher expenses.
• EPS: CN¥1.09 (down from CN¥2.12 in FY 2021).

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

Xingfa Aluminium Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 48%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Metals and Mining industry in Hong Kong.

Performance of the Hong Kong Metals and Mining industry.

The company's shares are down 7.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Xingfa Aluminium Holdings you should know about.

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