Fangda Special Steel Technology's full-year performance in 2023: Sales exceeded expectations, but EPS lagged behind

Fangda Special Steel Technology (SHSE:600507) 2023 full year results

Main financial results

• Sales: 26.5 billion Canadian dollars (14% increase compared to FY2022).
• Net profit: 688.8 million CN yen (26% decrease compared to FY2022).
• Profit margin: 2.6% (down from 4.0% in FY2022). The decrease in profit margin was due to an increase in expenses.
• EPS: 0.29 CN Yen (down from 0.43 CN Yen in FY2022).

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

Fangda Special Steel Technology's revenue exceeded expectations, but EPS fell short

Sales exceeded analysts' expectations by 23%. Earnings per share (EPS) were 51% below analyst expectations.

Looking ahead, China metal mining revenues are expected to grow by 11%, while revenues are expected to decline by an average of 7.7% per year over the next two years.

performance of Chinese metals and mining.

The company's stock fell 1.7% from the previous week.

risk analysis

Before you take the next step, you need to know the following: 1 warning sign for Fangda Special Steel Technology What we discovered.

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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.