Qingci Games Full Year 2023 Earnings: Misses Expectations

Simply Wall St·03/28/2024 00:08:32

Listen to the news

Qingci Games (HKG:6633) Full Year 2023 Results

Key Financial Results

Revenue: CN¥905.7m (up 44% from FY 2022).
Net loss: CN¥37.4m (down by 174% from CN¥50.3m profit in FY 2022).
CN¥0.05 loss per share (down from CN¥0.073 profit in FY 2022).

earnings-and-revenue-history — SEHK:6633 Earnings and Revenue History March 28th 2024

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

Qingci Games Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 54%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Entertainment industry in Hong Kong.

Performance of the Hong Kong Entertainment industry.

The company's shares are down 8.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Qingci Games' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

FAQ

Fee Schedule Open Account Deposit & Withdrawal Trading

Terms & Conditions

Client Agreement Privacy Policy Data Disclaimer Security Tips

About Webull

About us Webull Promotions Contact information Announcements

Service Email : service@webull.hkBusiness Cooperation : marketinghk@webull.hk

Risk Disclosure: The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. All investments involve risk and the past performance of securities, or financial products does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. For more details, please refer to risk disclosure.
① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
② More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
③ Pre-market (4:00 AM - 9:30 AM ET) , after-hours (4:00 PM - 8:00 PM ET) .
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.

Language

English