Ming Yuan Cloud Group Holdings (HKG:909) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥1.43b (down 13% from FY 2023).
- Net loss: CN¥189.5m (loss narrowed by 68% from FY 2023).
- CN¥0.10 loss per share (improved from CN¥0.32 loss in FY 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 6.7%. Earnings per share (EPS) exceeded analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in Hong Kong.
Performance of the Hong Kong Software industry.
The company's shares are down 11% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Ming Yuan Cloud Group Holdings that you need to take into consideration.
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