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Hisense Visual Technology (SHSE:600060) recently released its full-year 2023 financial results, showing a significant increase in revenue and net income compared to the previous year. The company’s revenue grew by 17% to CN¥53.6b, while net income saw a 25% growth to CN¥2.10b, with a profit margin of 3.9%, up from 3.7% in the previous year. The increase in margin was attributed to the higher revenue, resulting in an earnings per share (EPS) of CN¥1.62, up from CN¥1.28 in FY 2022.

Despite meeting analyst estimates for revenue, EPS fell short by 1.6%. However, looking ahead, Hisense Visual Technology is forecasted to have a 10% average annual revenue growth over the next three years, outperforming the 9.9% growth forecast for the Consumer Durables industry in China.

In terms of performance in the Chinese Consumer Durables industry, the company’s share price has remained relatively stable over the past week. However, investors should be aware of one warning sign concerning Hisense Visual Technology’s future performance: valuation analysis can be complex and may not always account for the latest company announcements or qualitative material.

To help investors determine whether Hisense Visual Technology is potentially over or undervalued, Simply Wall St provides a comprehensive overview that includes fair value estimates, risks, dividends, insider transactions, and financial health data. For further information or to interact with the editorial team via email at editorial-team (at) simplywallst.com

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