Qingdao AInnovation Technology Group Full Year 2023 Earnings: Misses Expectations
Qingdao AInnovation Technology Group (HKG:2121) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥1.75b (up 12% from FY 2022).
- Net loss: CN¥582.3m (loss widened by 60% from FY 2022).
- CN¥1.05 loss per share (further deteriorated from CN¥0.66 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Qingdao AInnovation Technology Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 127%.
Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in Hong Kong.
Performance of the Hong Kong Software industry.
The company's shares are up 9.1% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Qingdao AInnovation Technology Group's balance sheet health.
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About SEHK:2121
AInnovation Technology Group
Engages in the research, development, and sale of artificial intelligence based software and hardware technology solutions in China.
Excellent balance sheet low.