Beijing Roborock Technology (SHSE:688169) 2023 full year results

Main financial results

  • Sales: 8.65 billion Canadian dollars (31% increase compared to FY2022).
  • Net income: CAD 2.05 billion (73% increase compared to FY2022).
  • Profit margin: 24% (up from 18% in FY22). The increase in margin was driven by an increase in revenue.
  • EPS: 15.66 CN Yen (up from 9.04 CN Yen in FY2022).
Income and expenditure breakdown
SHSE:688169 Breakdown of Revenue and Expenses April 1, 2024

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

Beijing Roborock Technology EPS exceeds expectations

Sales were in line with analyst forecasts. Earnings per share (EPS) exceeded analyst expectations by 2.2%.

The main driver of revenue over the past 12 months was the China segment, which contributed C$4.41 billion (51% of total revenue) to total revenue. Our largest operating expense was sales and marketing expenses at C$1.82 billion (68% of total expenses). Find out how 688169's income and expenses form its bottom line.

Looking ahead, revenues are expected to increase by an average of 17% per year over the next three years, compared to a growth forecast of 10.0% for China's consumer durables industry.

performance of China's durable goods industry.

The company's stock rose 5.0% from the previous week.

risk analysis

Remember, there may still be risks. For example, we identified 1 warning sign for Beijing Roborock Technology What you need to know.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.



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