Weaver Network Technology Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Weaver Network Technology (SHSE:603039) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.39b (up 2.6% from FY 2022).
• Net income: CN¥178.7m (down 20% from FY 2022).
• Profit margin: 7.5% (down from 9.6% in FY 2022).
• EPS: CN¥0.69 (down from CN¥0.86 in FY 2022).

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

Weaver Network Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 9.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Weaver Network Technology that we have uncovered.

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