Shede Spirits Reports Full Year 2023 Earnings: EPS Falls Short of Expectations

by Kaia

Shede Spirits (SHSE:600702) has disclosed its financial results for the full year 2023, revealing both gains and setbacks in key financial metrics compared to the previous fiscal year.


Key Financial Highlights:


Revenue surged to CN¥7.08 billion, marking a notable 17% increase from the figures reported in the fiscal year 2022.


Net income experienced a moderate uptick, reaching CN¥1.77 billion, up by 5.1% from the previous fiscal year.


However, the profit margin witnessed a decline, standing at 25% as opposed to 28% in the fiscal year 2022. This dip was primarily attributed to escalated expenses.

Earnings per share (EPS) stood at CN¥5.35, demonstrating an increase from CN¥5.10 reported in the fiscal year 2022.

The above figures represent the performance over the trailing 12 month (TTM) period.

EPS Falls Short of Expectations:

Despite revenue aligning with analyst predictions, the earnings per share (EPS) failed to meet expectations, falling short by 3.2%.

Future Outlook:

Looking forward, the company anticipates a 17% annual growth in revenue on average over the next three years, outpacing the projected 14% growth for the Beverage industry in China.

Performance of the Chinese Beverage Industry:

Shede Spirits’ shares have experienced a slight decline of 1.2% compared to the previous week.

Risk Analysis:

Caution is advised as investors should be mindful of potential risks. Notably, two warning signs have been identified for Shede Spirits, one of which may pose significant concerns.



© 2023 Copyright