Qiniu Full Year 2024 Earnings: CN¥0.60 loss per share (vs CN¥0.74 loss in FY 2023)
Qiniu (HKG:2567) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥1.44b (up 7.7% from FY 2023).
- Net loss: CN¥459.4m (loss widened by 42% from FY 2023).
- CN¥0.60 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
In the last 12 months, the only revenue segment was Paas Solutions contributing CN¥1.44b. Notably, cost of sales worth CN¥1.15b amounted to 80% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥305.6m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 2567's revenue and expenses shape its earnings.
Qiniu shares are up 3.8% from a week ago.
Risk Analysis
Be aware that Qiniu is showing 1 warning sign in our investment analysis that you should know about...
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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.
About SEHK:2567
Excellent balance sheet and slightly overvalued.
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