AInnovation Technology Group (HKG:2121) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥1.22b (down 30% from FY 2023).
- Net loss: CN¥593.8m (loss widened by 2.0% from FY 2023).
- CN¥1.09 loss per share (further deteriorated from CN¥1.05 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AInnovation Technology Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 60%.
In the last 12 months, the only revenue segment was Artificial Intelligence Service contributing CN¥1.22b. Notably, cost of sales worth CN¥798.7m amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥355.1m (35% of total expenses). Explore how 2121's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Hong Kong.
Performance of the Hong Kong Software industry.
The company's shares are up 7.2% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with AInnovation Technology Group, and understanding these should be part of your investment process.
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.