GCL Technology Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

GCL Technology Holdings (HKG:3800) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥33.7b (down 6.2% from FY 2022).
• Net income: CN¥2.51b (down 85% from FY 2022).
• Profit margin: 7.4% (down from 47% in FY 2022). The decrease in margin was primarily driven by higher expenses.
• EPS: CN¥0.095 (down from CN¥0.64 in FY 2022).

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

GCL Technology Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 58%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Hong Kong.

Performance of the Hong Kong Semiconductor industry.

The company's shares are up 5.7% from a week ago.

Risk Analysis

Be aware that GCL Technology Holdings is showing 2 warning signs in our investment analysis that you should know about...

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