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

Hisense Visual Technology (SHSE:600060) released 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.

While revenue met 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. Despite this positive outlook, caution is advised due to one warning sign concerning Hisense Visual Technology that investors 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 further information on how Simply Wall St arrived at its valuation analysis and what it means for investors, readers are encouraged to interact with the editorial team via email at editorial-team (at) simplywallst.com.

It’s important for investors to 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

By Aiden Johnson

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