Jinshan Software (03888) is now down more than 4%. As of press release, it is down 4.2% to HK$23.95, with a turnover of HK$186 million.
The Zhitong Finance App learned that Jinshan Software (03888) is now down more than 4%. As of press release, it is down 4.2% to HK$23.95, with a turnover of HK$186 million.
According to a report published by BOC International, Jinshan Software's revenue for the last quarter increased 9% year-on-year to 2.31 billion yuan, 2% lower than the bank's forecast, mainly due to the fact that game revenue remained flat year-on-year and 8% lower than expected. Considering that the short-term performance of games will fall short of expectations and the impact of adjustments in the WPS business and innovation business, the revenue forecast for this year was lowered by 6% and the profit forecast was fine-tuned. The target price was lowered from 31 yuan to 26 yuan, maintaining a “neutral” rating.
Damo said that Jinshan Software's game business performance forecasts for each year to 2026 were lowered by 6.2%, 10.4%, and 10.4%, respectively, mainly due to the limited number of new game launches up to the fourth quarter of this year. The bank said it will slightly increase the company's standardized earnings per share in 2024 to 26 by 0.4%, a decrease of 8%, and a decrease of 8.9%, respectively.