Tong Hsing Electronic Industries (TWSE:6271) Full Year 2023 Results
Key Financial Results
- Revenue: NT$11.6b (down 18% from FY 2022).
- Net income: NT$1.15b (down 63% from FY 2022).
- Profit margin: 9.9% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue.
- EPS: NT$5.50 (down from NT$15.37 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tong Hsing Electronic Industries Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%.
Looking ahead, revenue is forecast to grow 8.4% pa on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan.
Performance of the Taiwanese Electronic industry.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we’ve discovered 2 warning signs for Tong Hsing Electronic Industries (1 doesn’t sit too well with us!) that you should be aware of before investing here.
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