Dnake (Xiamen) Intelligent Technology Third Quarter 2024 Earnings: CN¥0.034 loss per share (vs CN¥0.063 profit in 3Q 2023)

Dnake (Xiamen) Intelligent Technology (SZSE:300884) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥186.4m (down 19% from 3Q 2023).
• Net loss: CN¥8.42m (down by 153% from CN¥16.0m profit in 3Q 2023).
• CN¥0.034 loss per share (down from CN¥0.063 profit in 3Q 2023).

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

Dnake (Xiamen) Intelligent Technology Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China.

Performance of the Chinese Communications industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Dnake (Xiamen) Intelligent Technology (1 shouldn't be ignored!) that we have uncovered.

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