Fujian Foxit Software Development Full Year 2024 Earnings: EPS Beats Expectations

Fujian Foxit Software Development (SHSE:688095) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥711.4m (up 17% from FY 2023).
• Net income: CN¥25.6m (up from CN¥90.9m loss in FY 2023).
• Profit margin: 3.6% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
• EPS: CN¥0.29 (up from CN¥1.03 loss in FY 2023).

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

Fujian Foxit Software Development EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 11% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Fujian Foxit Software Development (1 is concerning!) that you need to be mindful of.

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