Primeton Information Technologies Full Year 2024 Earnings: Beats Expectations

Primeton Information Technologies (SHSE:688118) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥419.8m (down 13% from FY 2023).
• Net income: CN¥6.39m (up from CN¥15.7m loss in FY 2023).
• Profit margin: 1.5% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
• EPS: CN¥0.07 (up from CN¥0.17 loss in FY 2023).

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

Primeton Information Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 23% 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

It is worth noting though that we have found 1 warning sign for Primeton Information Technologies that you need to take into consideration.

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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.