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

Hisense Visual Technology (SHSE:600060) has 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%. Despite this setback, 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.

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, readers are encouraged to interact with the editorial team via email at editorial-team (at) simplywallst.com.

It’s important for investors to keep an eye on one warning sign concerning Hisense Visual Technology – while caution is advised when making investment decisions based on any single factor or indicator – it’s worth noting that there has been some volatility in the company’s share price over the past week due to concerns about its future performance and competitive landscape within the Chinese Consumer Durables industry. However, it’s worth noting that there are also many positive factors working in favor of Hisense Visual Technology – including its strong track record of revenue growth and positive financial metrics such as its high profit margin and rising EPS – which suggest that it may be well-positioned for continued success moving forward into the coming years and beyond.

Please 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 Samantha Jones

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