Qingdao AInnovation Technology Group (HKG:2121) 2023 full year results
Main financial results
- Sales: 1.75 billion Canadian dollars (12% increase compared to FY2022).
- Net loss: 582.3 million CN yen (60% loss increase compared to FY2022).
- Loss of CN Yen 1.05 per share (worsening from loss of CN Yen 0.66 in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Qingdao A Innovation Technology Group's sales and profits fall below expectations
Sales were 20% lower than analysts expected. Earnings per share (EPS) also fell 127% below analyst expectations.
Looking ahead, revenue is expected to increase by an average of 47% per year over the next two years, compared to a growth forecast of 19% for Hong Kong's software industry.
performance of Hong Kong's software industry.
The company's stock price rose 9.1% from the previous week.
balance sheet analysis
While earnings are important, another area to consider is the balance sheet.look Our latest analysis on Qingdao AInnovation Technology Group's balance sheet strength.
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