• Thu. Apr 18th, 2024

Hisense Visual Technology Reports 17% Revenue Increase, but EPS Disappoints Analysts

BySamantha Jones

Apr 3, 2024
Hisense Visual Technology Full Year 2023 Earnings Fall Short of EPS Expectations

Hisense Visual Technology (SHSE:600060) recently released its financial results for full-year 2023, showing a 17% increase in revenue to CN¥53.6b compared to the previous year. Net income also grew by 25% to CN¥2.10b, with a profit margin of 3.9%, up from 3.7% in the prior 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.

Despite meeting analyst expectations for revenue, 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, outpacing the industry average of 9.9% for the Chinese Consumer Durables sector.

In terms of performance in the Chinese Consumer Durables industry, Hisense Visual Technology’s share price has remained relatively stable over the past week. However, caution is advised as there is one significant warning sign that investors should be aware of before investing in this company.

Valuation analysis can be complex, but Simply Wall St aims to provide investors with a comprehensive overview to determine whether Hisense Visual Technology is potentially over or undervalued. This includes fair value estimates, risks, dividends, insider transactions, and financial health metrics such as debt-to-equity ratio and current ratio ratios. For further information on these metrics and more detailed insights into this company’s financial health and valuation potential, readers are encouraged to interact with our editorial team via email at editorial-team@simplywallst.com.

It is important to note that Simply Wall St’s analysis is based on historical data and analyst forecasts only and should not be considered as financial advice or investment recommendations.

Overall, despite some weaknesses in EPS performance relative to expectations

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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