Simcere Pharmaceutical Group Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Simcere Pharmaceutical Group (HKG:2096) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥6.61b (up 4.5% from FY 2022).
• Net income: CN¥714.8m (down 23% from FY 2022).
• Profit margin: 11% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.27 (down from CN¥0.36 in FY 2022).

2096 Products In Clinical Trials

• Phase I: 11.
• Phase II: 8.
• Phase III: 7.

2096 Post-Clinical Trial Products

• Pre-registration: 3.
• Approved (during full year): 3.
• Launched (during full year): 1.

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

Simcere Pharmaceutical Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Pharmaceuticals industry in Hong Kong.

Performance of the Hong Kong Pharmaceuticals industry.

The company's shares are up 2.9% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Simcere Pharmaceutical Group, and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.