• Sat. Apr 20th, 2024

Hisense Visual Technology Surpasses Expectations with 17% Revenue Growth but Earnings per Share Miss the Mark

BySamantha Jones

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

Hisense Visual Technology reported its full-year 2023 financial results, showing a 17% increase in revenue to CN¥53.6b compared to FY 2022. 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 revenue meeting analyst estimates, 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. However, caution is advised as there is one warning sign concerning Hisense Visual Technology that investors should be aware of.

In terms of performance in the Chinese Consumer Durables industry, the company’s share price has remained relatively stable over the past week.

To help investors determine whether Hisense Visual Technology is potentially over or undervalued, Simply Wall St aims to provide a comprehensive overview through fair value estimates, risks, dividends, insider transactions and financial health analysis.

Valuation analysis can be complex but Simply Wall St provides an easy-to-understand analysis for investors looking for long-term focused insights.

For further information and analysis on this topic readers are encouraged to interact with our editorial team via email at editorial-team (at) simplywallst.com.

Please note that the information provided by Simply Wall St is based on historical data and analyst forecasts and should not be considered as financial advice.

It’s important to keep in mind that Simply Wall St does not hold positions in any of the stocks mentioned in this article and it’s always recommended to do your own research before making investment decisions.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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