Zoomlion Heavy Industry Science and Technology Full Year 2023 Earnings: EPS Beats Expectations

Zoomlion Heavy Industry Science and Technology (SZSE:000157) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥47.1b (up 13% from FY 2022).
  • Net income: CN¥3.51b (up 52% from FY 2022).
  • Profit margin: 7.4% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.43 (up from CN¥0.27 in FY 2022).
SZSE:000157 Earnings and Revenue Growth March 29th 2024

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

Zoomlion Heavy Industry Science and Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company’s shares are up 6.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Zoomlion Heavy Industry Science and Technology that we have uncovered.

Valuation is complex, but we’re helping make it simple.

Find out whether Zoomlion Heavy Industry Science and Technology 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.

View the Free Analysis

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.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *