Hisense Visual Technology Full Year 2023 Earnings Fall Short of EPS Expectations

Hisense Visual Technology: An In-Depth Analysis of its Performance and Valuation

Hisense Visual Technology (SHSE:600060) has released its full-year 2023 financial results, showing a 17% increase in revenue to CN¥53.6b compared to FY 2022. The net income also saw a 25% growth to CN¥2.10b, with a profit margin of 3.9%, up from 3.7% in the previous 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 estimates 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, outperforming the 9.9% growth forecast for the Consumer Durables industry in China.

The company’s performance in the Chinese Consumer Durables industry has been relatively stable over the past week, but investors should be cautious about one warning sign concerning Hisense Visual Technology that they should be aware of. Valuation analysis can be complex, but Simply Wall St aims to provide a comprehensive overview to help investors determine whether Hisense Visual Technology is potentially over or undervalued. This includes fair value estimates, risks, dividends, insider transactions, and financial health. For more information on this topic and other investment-related issues, readers are encouraged to interact with the editorial team via email at editorial-team (at) simplywallst.com

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