Ximei Resources Holding Full Year 2023 Earnings: EPS: CN¥0.24 (vs CN¥0.32 in FY 2022)

Ximei Resources Holding (HKG:9936) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.40b (up 38% from FY 2022).
• Net income: CN¥87.1m (down 17% from FY 2022).
• Profit margin: 6.2% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.24 (down from CN¥0.32 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 The People's Republic of China (PRC) segment contributing a total revenue of CN¥1.18b (84% of total revenue). Notably, cost of sales worth CN¥1.09b amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥153.5m (69% of total expenses). Explore how 9936's revenue and expenses shape its earnings.

Ximei Resources Holding shares are down 4.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Ximei Resources Holding you should be aware of, and 2 of them are a bit concerning.

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