Troy Information Technology (SZSE:300366) reported its full year 2023 financial results, showing a decline in revenue to CN¥1.67b, down 24% from the previous year. The company also reported a net loss of CN¥474.5m, indicating a widening loss of CN¥435.5m compared to the prior year. Earnings per share (EPS) also deteriorated to CN¥0.79 loss from CN¥0.065 loss in FY 2022.

Analysts had expected higher revenue figures from Troy Information Technology, with the company missing estimates by 35%. Earnings per share also fell short of expectations. However, looking ahead, the company forecasts a 33% annual revenue growth over the next 2 years, outpacing the industry forecast of 19% growth in the Chinese IT sector.

Despite the missed expectations, Troy Information Technology’s shares have seen an increase of 8.6% compared to the previous week. Investors are advised to conduct a risk analysis before making any investment decisions, as there may be potential warnings signs with the company.V
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