Ginto Kitchen Equipment (SHSE:603277) 2023 full year results
Main financial results
- Revenue: CAD 2.65 billion (flat in FY2022).
- Net profit: 510.9 million CN yen (14% increase compared to FY2022).
- Profit margin: 19% (up from 17% in FY2022).
- EPS: 1.22 CN Yen (up from 1.08 CN Yen in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Ginto Kitchen Equipment's sales and profits are below expectations
Sales were 6.2% lower than analysts expected. Earnings per share (EPS) also fell 4.7% below analyst expectations.
Looking ahead, revenues are expected to increase by an average of 17% per year over the next three years, compared to a growth forecast of 17% for China's machinery industry.
performance of China's machinery industry.
The company's stock fell 2.8% from the previous week.
balance sheet analysis
Just as investors need to consider its earnings, it's also important to consider the strength of a company's balance sheet.we have A graphical representation of Yingdu Kitchen Equipment's balance sheet and a detailed analysis of the company's financial position.
Valuation is complex, but we help make it simple.
Check out our comprehensive analysis, including below, to see if Ginto Kitchen Equipment is potentially overvalued or undervalued. Fair value estimates, risks and caveats, dividends, insider trading, and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
