Excellence Commercial Property & Facilities Management Group Full Year 2023 Earnings: EPS: CN¥0.25 (vs CN¥0.33 in FY 2022)

Excellence Commercial Property & Facilities Management Group (HKG:6989) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥3.93b (up 11% from FY 2022).
• Net income: CN¥302.7m (down 25% from FY 2022).
• Profit margin: 7.7% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.25 (down from CN¥0.33 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 Property Management Services segment contributing a total revenue of CN¥3.90b (99% of total revenue). Notably, cost of sales worth CN¥3.19b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥306.3m (71% of total expenses). Explore how 6989's revenue and expenses shape its earnings.

Excellence Commercial Property & Facilities Management Group shares are down 1.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Excellence Commercial Property & Facilities Management Group that you need to be mindful of.

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