Yonyou Network TechnologyLtd Third Quarter 2024 Earnings: Misses Expectations

Yonyou Network TechnologyLtd (SHSE:600588) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.93b (down 17% from 3Q 2023).
• Net loss: CN¥661.4m (loss widened by 257% from 3Q 2023).
• CN¥0.20 loss per share (further deteriorated from CN¥0.058 loss in 3Q 2023).

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

Yonyou Network TechnologyLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

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

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Yonyou Network TechnologyLtd's balance sheet and an in-depth analysis of the company's financial position.

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