Weaver Network Technology (SHSE:603039) has released its full-year 2023 financial report, showing a revenue of CN¥2.39b, which is a 2.6% increase from the previous year. However, the company’s net income decreased by 20% to CN¥178.7m from the prior year. The profit margin also fell to 7.5% from 9.6% in FY 2022, and the earnings per share (EPS) dropped to CN¥0.69 from CN¥0.86 in FY 2022.
Although the revenue was lower than analyst estimates by 5.8%, the EPS exceeded expectations by 29%. Looking ahead, Weaver Network Technology forecasts an average annual revenue growth of 18% over the next three years, which is slightly below the expected growth rate for the Chinese Software industry of 22%.
The recent performance of Weaver Network Technology’s shares has been impacted by the overall decline in the Chinese Software industry, which has caused them to drop by 9% from a week ago. Before making any investment decisions, it’s crucial to assess potential risks associated with investing in this company. One warning sign for Weaver Network Technology is its valuation, which must be taken into account to determine if it’s over or undervalued.
If you want a more comprehensive analysis of Weaver Network Technology, including fair value estimates, risks, dividends, insider transactions and financial health metrics you can contact us directly or email editorial-team@simplywallst.com . This article on Simply Wall St offers unbiased insights based on historical data and analyst forecasts without providing financial advice.
Our focus at Simply Wall St is long-term analysis driven by fundamental data that helps investors make informed decisions about their investments.
