Jinmao Property Services Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Jinmao Property Services (HKG:816) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.70b (up 11% from FY 2022).
• Net income: CN¥337.3m (flat on FY 2022).
• Profit margin: 13% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.37.

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

Jinmao Property Services EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 3.2%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Jinmao Property Services you should know about.

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