Huizhou Desay SV FY net income 2.45B yuan, est. 2.59B yuan

Huizhou Desay SV FY net income 2.45B yuan, est. 2.59B yuan

Huizhou Desay SV Automotive Co., Ltd. (002920.SZ) reported a net income of 2.45 billion yuan for the fiscal year, falling short of the estimated 2.59 billion yuan forecast. This represents a decline compared to the trailing twelve months (TTM) net profit margin of 7.70% and a return on investment (ROI) of 20.16% previously reported. The company's latest quarterly net income stood at 565.16 million yuan, reflecting a year-over-year decrease from 640.31 million yuan in the prior quarter. Revenue for the latest quarter totaled 7,692.33 million yuan, down slightly from 7,852.26 million yuan in the previous quarter. Despite the dip in net income, Huizhou Desay A maintains a gross margin of 18.61% (TTM) and a debt-to-equity ratio of 10.35%, indicating a relatively stable financial position. The earnings per share (EPS) for the latest quarter was 1.02, with revenue per share at 12.73. Analysts may attribute the shortfall to sector-specific challenges or operational adjustments, though the company's long-term ROI and profit margins suggest resilience. Investors are advised to monitor upcoming reports for clarity on strategic initiatives and performance trends.

Data sourced from Investing.com's financial summary for Huizhou Desay SV Automotive Co., Ltd. Class A (002920).