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.

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.