Hisense Visual Technology Full Year 2023 Earnings Fall Short of EPS Expectations

Hisense Visual Technology (SHSE:600060) released its financial results for the full-year 2023, and there were significant improvements in both revenue and net income. Revenue grew by 17% to CN¥53.6b compared to the previous year, while net income saw a 25% increase to CN¥2.10b, with a profit margin of 3.9%, up from 3.7% in the previous year. The increase in margin was attributed to the higher revenue, resulting in an earnings per share (EPS) of CN¥1.62, up from CN¥1.28 in FY 2022.

While analysts predicted that revenue would meet expectations, EPS fell short by 1.6%. Looking ahead, Hisense Visual Technology is forecasted to have a 10% average annual revenue growth over the next three years, outperforming the 9.9% growth forecast for the Consumer Durables industry in China as a whole.

In terms of performance within the Chinese Consumer Durables industry, Hisense Visual Technology’s share price has remained relatively stable over the past week. However, investors should exercise caution because there is one warning sign that they should be aware of before making any investment decisions.

Valuation analysis can be complex and challenging for investors trying to determine whether a company is potentially over or undervalued. To help investors make informed decisions, Simply Wall St provides a comprehensive overview of various factors such as fair value estimates, risks, dividends, insider transactions, and financial health.

It is important to note that the information provided by Simply Wall St is based on historical data and analyst forecasts only and should not be considered as financial advice. Investors should always perform their due diligence before making any investment decisions.

In conclusion, Hisense Visual Technology’s financial results for full-year 2023 show significant improvements in both revenue and net income compared to the previous year. While there are some concerns about EPS falling short of expectations and one warning sign that investors should be aware of within the Chinese Consumer Durables industry, overall performance remains relatively stable over time.

By Sophia Gonzalez

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