China Resources Mixc Lifestyle Services Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

China Resources Mixc Lifestyle Services (HKG:1209) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥14.8b (up 23% from FY 2022).
• Net income: CN¥2.93b (up 33% from FY 2022).
• Profit margin: 20% (up from 18% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥1.28 (up from CN¥0.97 in FY 2022).

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

China Resources Mixc Lifestyle Services EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for China Resources Mixc Lifestyle Services that we have uncovered.

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