Asiainfo Technologies Full Year 2022 Earnings: EPS Misses Expectations

Simply Wall St

March 08, 2023

Asiainfo Technologies (HKG:1675) Full Year 2022 Results

Key Financial Results

Revenue: CN¥7.74b (up 12% from FY 2021).
Net income: CN¥831.8m (up 5.9% from FY 2021).
Profit margin: 11% (in line with FY 2021).
EPS: CN¥0.92 (up from CN¥0.86 in FY 2021).

earnings-and-revenue-growth — SEHK:1675 Earnings and Revenue Growth March 8th 2023

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

Asiainfo Technologies EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%.

Looking ahead, revenue is forecast to grow 11% 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 3.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Asiainfo Technologies' balance sheet and an in-depth analysis of the company's financial position.

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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.