Gold and Precious Metals

Gold cup Electric ApparatusLtd Full Year 2023 Earnings: Beats Expectations

Gold cup Electric ApparatusLtd (SZSE:002533) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥15.3b (up 16% from FY 2022).
  • Net income: CN¥522.8m (up 41% from FY 2022).
  • Profit margin: 3.4% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.71 (up from CN¥0.51 in FY 2022).
SZSE:002533 Earnings and Revenue Growth March 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gold cup Electric ApparatusLtd Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company’s shares are up 7.9% from a week ago.

Risk Analysis

It’s still necessary to consider the ever-present spectre of investment risk. We’ve identified 1 warning sign with Gold cup Electric ApparatusLtd, and understanding it should be part of your investment process.

Valuation is complex, but we’re helping make it simple.

Find out whether Gold cup Electric ApparatusLtd 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.

View the Free Analysis

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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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