Grand Baoxin Auto Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Grand Baoxin Auto Group (HKG:1293) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥31.9b (flat on FY 2022).
• Net income: CN¥125.7m (up from CN¥698.0m loss in FY 2022).
• Profit margin: 0.4% (up from net loss in FY 2022).
• EPS: CN¥0.044 (up from CN¥0.25 loss in FY 2022).

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

Grand Baoxin Auto Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 69%.

Looking ahead, revenue is expected to decline by 6.9% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Hong Kong are expected to grow by 10%.

Performance of the Hong Kong Specialty Retail industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Grand Baoxin Auto Group (2 can't be ignored) you should be aware of.

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