China Ruyi Holdings (HKG:136) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥3.67b (up 1.2% from FY 2023).
- Net loss: CN¥190.5m (down by 128% from CN¥689.8m profit in FY 2023).
- CN¥0.016 loss per share (down from CN¥0.065 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Ruyi Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 13%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Online Streaming and Online Gaming Businesses segment contributing a total revenue of CN¥3.51b (96% of total revenue). The most substantial expense, totaling CN¥1.48b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 136's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Entertainment industry in Hong Kong.
Performance of the Hong Kong Entertainment industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example - China Ruyi Holdings has 1 warning sign we think you should be aware of.
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