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).
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.
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