Hangzhou Electronic Soul Network Technology Full Year 2023 Earnings: Misses Expectations

Hangzhou Electronic Soul Network Technology (SHSE:603258) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥677.1m (down 14% from FY 2022).
• Net income: CN¥56.8m (down 72% from FY 2022).
• Profit margin: 8.4% (down from 25% in FY 2022).
• EPS: CN¥0.23 (down from CN¥0.83 in FY 2022).

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

Hangzhou Electronic Soul Network Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 82%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Hangzhou Electronic Soul Network Technology has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about.

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