Beijing Oriental Yuhong Waterproof Technology (SZSE:002271) reported its full-year 2023 financial results, showing a 5.2% increase in revenue to CN¥32.8b and a 7.2% increase in net income to CN¥2.27b compared to the previous year. The profit margin also improved to 6.9%, up from 6.8% in FY 2022. However, despite the positive financial results, the company missed analyst estimates for both revenue and earnings per share (EPS). Revenue fell short by 6.6% and EPS missed expectations by 33%.
Looking ahead, Beijing Oriental Yuhong Waterproof Technology forecasts a 15% annual growth rate in revenue over the next three years, outperforming the 8.9% growth forecast for the Basic Materials industry in China. Despite this positive outlook, the Chinese Basic Materials industry has been relatively weak, with Beijing Oriental Yuhong Waterproof Technology’s shares declining by 5.8% in the past week. Investors are advised to consider potential risks and conduct a comprehensive analysis that includes valuation, risks, dividends, insider transactions, and financial health before making any investment decisions.
It is important to note that the information provided in this article by Simply Wall St is for informational purposes only and should not be considered financial advice. The analysis is based on historical data and analyst forecasts, and does not take into account individual financial objectives or situations. Investors should conduct their own research and seek professional advice before making any investment decisions.
Despite missing analyst estimates for both revenue and EPS, Beijing Oriental Yuhong Waterproof Technology reported positive financial results for FY 2023 with an increase of 5.2% in revenue to CN¥32.8b and a 7.2% increase in net income to CN¥2
