New DaZheng Property Group Full Year 2023 Earnings: EPS Misses Expectations

New DaZheng Property Group (SZSE:002968) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥3.13b (up 20% from FY 2022).
• Net income: CN¥160.1m (down 14% from FY 2022).
• Profit margin: 5.1% (down from 7.1% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.71 (down from CN¥0.82 in FY 2022).

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

New DaZheng Property Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.6%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in China.

Performance of the Chinese Real Estate industry.

The company’s shares are down 2.8% from a week ago.

Risk Analysis

Before we wrap up, we’ve discovered 1 warning sign for New DaZheng Property Group that you should be aware of.

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