CIFI Holdings (Group) Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

CIFI Holdings (Group) (HKG:884) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥71.8b (up 51% from FY 2022).
• Net loss: CN¥8.73b (loss narrowed by 33% from FY 2022).
• CN¥0.86 loss per share (improved from CN¥1.42 loss in FY 2022).

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

CIFI Holdings (Group) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 49%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is expected to decline by 33% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 6.2%.

Performance of the Hong Kong Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for CIFI Holdings (Group) that you should be aware of.

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