Stock Analysis

China Literature Full Year 2022 Earnings: Misses Expectations

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China Literature (HKG:772) Full Year 2022 Results

Key Financial Results

  • Revenue: CN¥7.63b (down 12% from FY 2021).
  • Net income: CN¥608.2m (down 67% from FY 2021).
  • Profit margin: 8.0% (down from 21% in FY 2021). The decrease in margin was primarily driven by lower revenue.
  • EPS: CN¥0.60 (down from CN¥1.83 in FY 2021).
SEHK:772 Earnings and Revenue Growth March 17th 2023

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

China Literature Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Media industry in Hong Kong.

Performance of the Hong Kong Media industry.

The company's shares are up 9.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for China Literature that we have uncovered.

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