Qingci Games Full Year 2023 Earnings: Misses Expectations

Qingci Games (HKG:6633) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥905.7m (up 44% from FY 2022).
• Net loss: CN¥37.4m (down by 174% from CN¥50.3m profit in FY 2022).
• CN¥0.05 loss per share (down from CN¥0.073 profit in FY 2022).

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

Qingci Games Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 54%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Entertainment industry in Hong Kong.

Performance of the Hong Kong Entertainment industry.

The company's shares are down 8.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Qingci Games' balance sheet health.

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