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.
Valuation is complex, but we’re helping make it simple.
Find out whether China Yongda Automobiles Services Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
