Leascend Technology First Quarter 2024 Earnings: CN¥0.08 loss per share (vs CN¥0.008 loss in 1Q 2023)

Simply Wall St

April 27, 2024

Leascend Technology (SZSE:300051) First Quarter 2024 Results

Key Financial Results

Revenue: CN¥62.0m (up 29% from 1Q 2023).
Net loss: CN¥28.5m (loss widened by CN¥25.7m from 1Q 2023).
CN¥0.08 loss per share (further deteriorated from CN¥0.008 loss in 1Q 2023).

earnings-and-revenue-growth — SZSE:300051 Earnings and Revenue Growth April 27th 2024

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

Leascend Technology Earnings Insights

Looking ahead, revenue is forecast to grow 99% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are up 5.0% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Leascend Technology (at least 1 which is potentially serious), and understanding these should be part of your investment process.

Valuation is complex, but we're helping make it simple.

Find out whether Leascend Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.