Leascend Technology (SZSE:300051) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥244.9m (up 38% from FY 2022).
- Net loss: CN¥39.7m (loss widened by 23% from FY 2022).
- CN¥0.11 loss per share (further deteriorated from CN¥0.09 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Leascend Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 55%. Earnings per share (EPS) also missed analyst estimates by 120%.
Looking ahead, revenue is forecast to grow 88% 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 4.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Leascend Technology that we have uncovered.
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About SZSE:300051
Worrying balance sheet minimal.
