Jadard Technology Full Year 2023 Earnings: Beats Expectations

Jadard Technology (SHSE:688252) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.21b (flat on FY 2022).
• Net income: CN¥112.8m (down 13% from FY 2022).
• Profit margin: 9.3% (down from 11% in FY 2022).
• EPS: CN¥0.28 (down from CN¥0.35 in FY 2022).

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

Jadard Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company’s share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We’ve done some analysis and you can see our take on Jadard Technology’s balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.