A-Living Smart City Services Full Year 2023 Earnings: Misses Expectations

A-Living Smart City Services (HKG:3319) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥15.4b (flat on FY 2022).
• Net income: CN¥460.9m (down 75% from FY 2022).
• Profit margin: 3.0% (down from 12% in FY 2022).
• EPS: CN¥0.33 (down from CN¥1.30 in FY 2022).

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

A-Living Smart City Services Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 69%.

In the last 12 months, the only revenue segment was Real Estate & Property Managers contributing CN¥15.4b. Notably, cost of sales worth CN¥12.8b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥1.17b (54% of total expenses). Explore how 3319's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 19% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for A-Living Smart City Services that you should be aware of.

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