Chanjet Information Technology Full Year 2022 Earnings: Misses Expectations

Chanjet Information Technology (HKG:1588) Full Year 2022 Results

Key Financial Results

• Revenue: CN¥680.1m (up 15% from FY 2021).
• Net loss: CN¥212.1m (loss widened by 14% from FY 2021).
• CN¥0.71 loss per share (further deteriorated from CN¥0.62 loss in FY 2021).

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

Chanjet Information Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 65%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are up 7.3% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Chanjet Information Technology, and understanding it should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.