China Literature Full Year 2022 Earnings: Misses Expectations
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).
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.
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China Literature Limited, an investment holding company, operates an online literature platform in the People’s Republic of China.
Flawless balance sheet with moderate growth potential.