Yeahka Full Year 2023 Earnings: Misses Expectations

Yeahka (HKG:9923) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥3.95b (up 16% from FY 2022).
• Net income: CN¥11.6m (down 92% from FY 2022).
• Profit margin: 0.3% (down from 4.5% in FY 2022).
• EPS: CN¥0.031 (down from CN¥0.39 in FY 2022).

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

Yeahka Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 83%.

In the last 12 months, the only revenue segment was Business Services contributing CN¥3.95b. Notably, cost of sales worth CN¥3.21b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥330.3m (45% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥6.21m. Explore how 9923's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Diversified Financial industry in Hong Kong.

Performance of the Hong Kong Diversified Financial industry.

The company's shares are up 1.9% from a week ago.

Valuation

Yeahka's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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