China Yongda Automobiles Services Holdings Full Year 2023 Earnings: Misses Expectations

China Yongda Automobiles Services Holdings (HKG:3669) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥72.6b (flat on FY 2022).
• Net income: CN¥572.6m (down 60% from FY 2022).
• Profit margin: 0.8% (down from 2.0% in FY 2022).
• EPS: CN¥0.29 (down from CN¥0.72 in FY 2022).

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

China Yongda Automobiles Services Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Specialty Retail industry in Hong Kong.

Performance of the Hong Kong Specialty Retail industry.

The company's shares are down 20% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for China Yongda Automobiles Services Holdings that you need to take into consideration.

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