China
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IT
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SZSE:300674

Yusys Technologies Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

November 01, 2024

Yusys Technologies (SZSE:300674) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥860.9m (down 23% from 3Q 2023).
Net income: CN¥99.2m (up from CN¥5.18m loss in 3Q 2023).
Profit margin: 12% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
EPS: CN¥0.15 (up from CN¥0.007 loss in 3Q 2023).

earnings-and-revenue-growth — SZSE:300674 Earnings and Revenue Growth November 1st 2024

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

Yusys Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 36%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are up 17% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Yusys Technologies (1 shouldn't be ignored!) that you should be aware of before investing here.

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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.