Shenzhen Kingdom Sci-Tech Full Year 2023 Earnings: Earnings Per Share Beats Expectations, Revenue Lagging

Shenzhen Kingdom Sci-Tech (SHSE:600446) Full Year 2023 Results

Key financial results

  • Revenue: CN¥6.22 billion (down 4.0% from FY2022).
  • Net profit: CN¥369.3 million (up 37% from FY2022).
  • Profit margin: 5.9% (vs. 4.2% in FY 2022). The margin increase was driven by lower costs.
  • EPS: CN¥0.39 (vs. CN¥0.29 in FY 2022).
profit and sales growth
SHSE:600446 Earnings and sales growth April 21, 2024

All figures in the chart above are for the subsequent 12 month period (TTM).

Shenzhen Kingdom Sci-Tech EPS exceeds expectations, revenue lags

Sales were 11% lower than analyst estimates. Earnings per share (EPS) exceeded analyst expectations by 5.7%.

Looking ahead, revenue is expected to grow at an average annual rate of 16% over the next two years, compared to a 21% growth forecast for the software industry in China.

Performance of the Chinese software industry.

The company’s share price is largely unchanged from a week ago.

Balance sheet analysis

While profits are important, the balance sheet is also another area to consider. We did some analysis and You can check out our take on Shenzhen Kingdom Sci-Tech’s balance sheet.

Valuation is complex, but we help make it simple.

Invent or Shenzhen Kingdom Sci-Tech may be over or undervalued if you look at our comprehensive analysis, including fair value estimates, risks and cautions, dividends, insider transactions and financial health.

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