Yusys Technologies Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 08/30 22:34

Yusys Technologies (SZSE:300674) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥889.2m (down 22% from 2Q 2023).
  • Net income: CN¥130.9m (up 6.6% from 2Q 2023).
  • Profit margin: 15% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.17.
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SZSE:300674 Earnings and Revenue Growth August 30th 2024

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

Yusys Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 41%. Earnings per share (EPS) exceeded analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are up 6.7% from a week ago.

Risk Analysis

Be aware that Yusys Technologies is showing 1 warning sign in our investment analysis that you should know about...