• Sun. Apr 21st, 2024

Hisense Visual Technology: A Closer Look at the Chinese Consumer Durables Industry

BySamantha Nguyen

Apr 3, 2024
Hisense Visual Technology Full Year 2023 Earnings Fall Short of EPS Expectations

Hisense Visual Technology (SHSE:600060) announced its full-year 2023 financial results, revealing 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%. Looking ahead, 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.

In terms of performance in the Chinese Consumer Durables industry, the company’s share price has remained relatively stable over the past week. However, caution is advised as there is one warning sign concerning Hisense Visual Technology that investors should be aware of.

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@simplywallst

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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