Xinyi Solar Holdings Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Xinyi Solar Holdings (HKG:968) Full Year 2022 Results

Key Financial Results

• Revenue: HK$20.5b (up 28% from FY 2021).
• Net income: HK$3.82b (down 22% from FY 2021).
• Profit margin: 19% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses.
• EPS: HK$0.43 (down from HK$0.56 in FY 2021).

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

Xinyi Solar Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Hong Kong.

Performance of the Hong Kong Semiconductor industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Xinyi Solar Holdings that you should be aware of.

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