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China Vocational Education Holdings Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

China Vocational Education Holdings (HKG:1756) Full Year 2022 Results

Main financial results

  • Revenue: CN¥ 907.8 million (3.0% more than FY 2021).
  • Net Income: CN¥259.8 million (up 81% from FY 2021).
  • Profit margin: 29% (vs. 16% in FY 2021). The increase in margin was mainly due to lower costs.
  • EPS: CN¥0.22 (higher than CN¥0.12 in FY 2021).
SEHK:1756 Profit and revenue growth November 30, 2022

All figures in the chart above are for the following 12-month period (TTM).

China Holdings vocational education Turnover exceeds expectations, earnings per share disappointing

Revenue beat analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow at an average annual rate of 8.9% over the next 2 years, compared to a 24% growth forecast for Hong Kong’s consumer services sector.

performance of the Consumer service industry in Hong Kong.

Shares of the company are down 5.3% from a week ago.

Risk analysis

However, it is worth noting that we found 2 warning signs for China Vocational Education Holdings (1 cannot be ignored!) that you should take into account.

Valuation is complex, but we help make it simple.

Find out or China Vocational Training Holdings may be over or undervalued by reviewing our extensive analysis, including fair value estimates, risks and cautions, dividends, insider trading and financial health.

View the free analysis

This Simply Wall St article is general in nature. We only comment based on historical data and analyst forecasts using an unbiased methodology and our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your objectives or your financial situation. We aim to provide you with long-term focused analytics driven by fundamental data. Please note that our analysis may not take into account the latest price sensitive company announcements or quality material. Simply Wall St has no exposure to the listed stocks.

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