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Welfa Information Technology (SHSE:688100) 2023 Annual Results
Key financial results
- Revenue: RMB 2.23b (up 11% from FY22).
- Net profit: 525.3 million yuan (an increase of 31% compared with fiscal year 2022).
- Margin: 24% (up from 20% in FY22). Margin growth was driven by higher revenue.
- EPS: 1.07 yuan (up from 0.80 yuan in fiscal 2022).
All data shown in the table above is for the trailing 12 month (TTM) period
Wilfa Information Technology’s earnings per share beat expectations, but revenue fell short of estimates
Revenue was 9.3% below analysts’ expectations. Earnings per share (EPS) beat analysts’ expectations by 5.3%.
Looking forward, revenue is expected to grow at an average annual rate of 22% over the next three years, while the growth forecast for China’s electronics industry is 19%.
efficacy China electronics industry.
The company’s shares are up 11% from a week ago.
Risk Analysis
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This article from Simply Wall St is general in nature. We only use unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended to provide financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term focused analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative information. Simply Wall St does not hold a position in any of the stocks mentioned.
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