Piesat Information Technology Second Quarter 2024 Earnings: CN¥0.13 loss per share (vs CN¥0.35 profit in 2Q 2023)

Simply Wall St · 09/01 00:10

Piesat Information Technology (SHSE:688066) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥621.5m (down 17% from 2Q 2023).
  • Net loss: CN¥34.0m (down by 134% from CN¥99.9m profit in 2Q 2023).
  • CN¥0.13 loss per share (down from CN¥0.35 profit in 2Q 2023).
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SHSE:688066 Earnings and Revenue Growth September 1st 2024

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

Piesat Information Technology Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Piesat Information Technology you should know about.