Jiu Rong Holdings Full Year 2023 Earnings: HK$0.07 loss per share (vs HK$0.016 loss in FY 2022)

Jiu Rong Holdings (HKG:2358) Full Year 2023 Results

Key Financial Results

• Revenue: HK$471.8m (down 44% from FY 2022).
• Net loss: HK$383.3m (loss widened by 325% from FY 2022).
• HK$0.07 loss per share (further deteriorated from HK$0.016 loss in FY 2022).

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

The primary driver behind last 12 months revenue was the Digital Video Business segment contributing a total revenue of HK$229.2m (49% of total revenue). Notably, cost of sales worth HK$410.0m amounted to 87% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$198.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 2358's revenue and expenses shape its earnings.

Jiu Rong Holdings shares are up 44% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Jiu Rong Holdings (3 are potentially serious!) that you need to take into consideration.

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