Nanjing Sciyon Wisdom Technology Group Second Quarter 2024 Earnings: EPS: CN¥0.28 (vs CN¥0.14 in 2Q 2023)

Nanjing Sciyon Wisdom Technology Group (SZSE:002380) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥438.1m (up 6.7% from 2Q 2023).
• Net income: CN¥67.5m (up 102% from 2Q 2023).
• Profit margin: 15% (up from 8.1% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: CN¥0.28 (up from CN¥0.14 in 2Q 2023).

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

Nanjing Sciyon Wisdom Technology Group Earnings Insights

Looking ahead, revenue is forecast to grow 32% 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 shares are down 12% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Nanjing Sciyon Wisdom Technology Group that you need to take into consideration.

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