NET263 First Quarter 2024 Earnings: EPS: CN¥0.02 (vs CN¥0.01 in 1Q 2023)

NET263 (SZSE:002467) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥258.0m (up 23% from 1Q 2023).
• Net income: CN¥27.3m (up 38% from 1Q 2023).
• Profit margin: 11% (up from 9.5% in 1Q 2023).
• EPS: CN¥0.02 (up from CN¥0.01 in 1Q 2023).

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

NET263 Earnings Insights

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Telecom industry in China.

Performance of the Chinese Telecom industry.

The company's shares are up 6.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with NET263.

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