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Leascend Technology (SZSE:300051) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥244.9m (up 38% from FY 2022).
- Net loss: CN¥39.7m (loss widened by 23% from FY 2022).
- CN¥0.11 loss per share (further deteriorated from CN¥0.09 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Leascend Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 55%. Earnings per share (EPS) also missed analyst estimates by 120%.
Looking ahead, revenue is forecast to grow 88% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in China.
Performance of the Chinese IT industry.
The company’s shares are up 4.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Leascend Technology that we have uncovered.
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Find out whether Leascend Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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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.
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