Wuhan Kotei InformaticsLtd Second Quarter 2024 Earnings: CN¥0.11 loss per share (vs CN¥0.042 profit in 2Q 2023)

Wuhan Kotei InformaticsLtd (SZSE:301221) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥96.1m (down 39% from 2Q 2023).
• Net loss: CN¥10.1m (down by 362% from CN¥3.87m profit in 2Q 2023).
• CN¥0.11 loss per share (down from CN¥0.042 profit in 2Q 2023).

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

Wuhan Kotei InformaticsLtd Earnings Insights

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 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 1.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Wuhan Kotei InformaticsLtd, and understanding this should be part of your investment process.

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