Beijing Fourth Paradigm Technology Full Year 2023 Earnings: EPS Misses Expectations

Beijing Fourth Paradigm Technology (HKG:6682) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥4.20b (up 36% from FY 2022).
• Net loss: CN¥908.7m (loss narrowed by 45% from FY 2022).
• CN¥2.80 loss per share (improved from CN¥6.15 loss in FY 2022).

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

Beijing Fourth Paradigm Technology EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

The primary driver behind last 12 months revenue was the Sage Ai Platform segment contributing a total revenue of CN¥2.51b (60% of total revenue). Notably, cost of sales worth CN¥2.22b amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥1.77b (61% of total expenses). Explore how 6682's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Beijing Fourth Paradigm Technology.

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