Third quarter 2021 results:
- EPS: CN¥0.032 (down from CN¥0.20 in 3Q 2020).
- Revenue: CN¥78.1b (up 8.2% from 3Q 2020).
- Net income: CN¥792.3m (down 84% from 3Q 2020).
- Profit margin: 1.0% (down from 6.8% in 3Q 2020).
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 85%. Earnings per share (EPS) missed analyst estimates by 85%.Over the next year, revenue is forecast to grow 21%, compared to a 11% growth forecast for the industry in Hong Kong.
Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.