Ming Yuan Cloud Group Holdings (HKG:909) First Half 2024 Results
Key Financial Results
- Revenue: CN¥720.1m (down 5.5% from 1H 2023).
- Net loss: CN¥115.4m (loss narrowed by 64% from 1H 2023).
- CN¥0.063 loss per share (improved from CN¥0.18 loss in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ming Yuan Cloud Group Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Hong Kong.
Performance of the Hong Kong Software industry.
The company's shares are down 5.9% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Ming Yuan Cloud Group Holdings' balance sheet and an in-depth analysis of the company's financial position.
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