China Reform Culture Holdings Full Year 2023 Earnings: Misses Expectations

China Reform Culture Holdings (SHSE:600636) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥383.8m (down 18% from FY 2022).
• Net loss: CN¥168.8m (down by 226% from CN¥133.7m profit in FY 2022).
• CN¥0.38 loss per share (down from CN¥0.30 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Reform Culture Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Consumer Services industry in China.

Performance of the Chinese Consumer Services industry.

The company's shares are up 4.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for China Reform Culture Holdings that you should be aware of.

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