Shanghai Zhenhua Heavy Industries (SHSE:600320) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥32.9b (up 9.1% from FY 2022).
- Net income: CN¥520.0m (up 40% from FY 2022).
- Profit margin: 1.6% (up from 1.2% in FY 2022).
- EPS: CN¥0.10 (up from CN¥0.07 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Zhenhua Heavy Industries Earnings Insights
Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in China.
Performance of the Chinese Machinery industry.
The company’s shares are up 2.1% from a week ago.
Risk Analysis
It’s still necessary to consider the ever-present spectre of investment risk. We’ve identified 3 warning signs with Shanghai Zhenhua Heavy Industries, and understanding them should be part of your investment process.
Valuation is complex, but we’re helping make it simple.
Find out whether Shanghai Zhenhua Heavy Industries is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions 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 only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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