Earnings Alerts

East Money Information (300059) Earnings Miss Estimates with FY Net Income Falling to 8.19 Billion Yuan

  • East Money’s net income for the fiscal year was 8.19 billion yuan, a decrease of 3.7% year over year.
  • The net income fell short of the estimated 8.46 billion yuan.
  • The final dividend per share was 4.0 RMB cents, down from 7.0 RMB cents the previous year.
  • Total revenue was 11.08 billion yuan, a decrease of 11% year over year, and below the estimated 12.05 billion yuan.
  • Net Fee & Commission income was 4.97 billion yuan, a decrease of 8.4% year over year, slightly below the estimated 5.01 billion yuan.
  • Net interest income was 2.23 billion yuan, a decrease of 8.7% year over year, and less than the estimated 2.35 billion yuan.
  • Revenue from Financial Data Services was 198.2 million yuan, a decrease of 13% year over year, and below the estimated 229.9 million yuan.
  • E-commerce Revenue from Financial Services was 3.63 billion yuan, a decrease of 16% year over year, and less than the estimated 4.04 billion yuan.
  • Out of 32 evaluations, East Money received 28 buys, 1 hold, and 3 sells.
  • All comparisons to past results are based on values reported by the company’s original disclosures.

A look at East Money Information Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

East Money Information Co., Ltd. is an online financial information platform that provides internet advertising and financial data. The company has recently been evaluated using the Smartkarma Smart Scores, which rates companies on a scale of 1 to 5 for various factors. According to the scores, East Money Information has a strong outlook for growth and momentum, with scores of 4 in both categories. This indicates that the company is expected to continue to see positive growth and maintain its momentum in the market.

While the company also received a score of 3 in resilience, meaning it is moderately resilient to market fluctuations, it scored lower in value and dividend with scores of 2 in both categories. This suggests that while East Money Information may not be the most undervalued or dividend-paying company, it still has strong potential for growth and momentum in the long term. Overall, the Smartkarma Smart Scores highlight a positive outlook for East Money Information, with a focus on growth and momentum in the online financial information industry.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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