Beijing Compass Technology Development Second Quarter 2024 Earnings: CN¥0.17 loss per share (vs CN¥0.12 loss in 2Q 2023)

Beijing Compass Technology Development (SZSE:300803) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥251.4m (up 41% from 2Q 2023).
• Net loss: CN¥65.7m (loss widened by 69% from 2Q 2023).
• CN¥0.17 loss per share (further deteriorated from CN¥0.12 loss in 2Q 2023).

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

Beijing Compass Technology Development Earnings Insights

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Capital Markets industry in China.

Performance of the Chinese Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Beijing Compass Technology Development, and understanding them should be part of your investment process.

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