Transwarp Technology (Shanghai)Ltd Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Transwarp Technology (Shanghai)Ltd (SHSE:688031) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥538.2m (up 44% from FY 2022).
- Net loss: CN¥269.8m (flat on FY 2022).
- CN¥2.23 loss per share (improved from CN¥2.84 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Transwarp Technology (Shanghai)Ltd Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China.
Performance of the Chinese Software industry.
The company's shares are up 18% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Transwarp Technology (Shanghai)Ltd.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SHSE:688031
Transwarp Technology (Shanghai)Ltd
Provides software and information technology services for data integration, storage, governance, modeling, analysis, mining, and circulation in China and internationally.
Excellent balance sheet with limited growth.
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