HUYA INC Reports 19.9% Decrease in Q2 FY2023 Earnings with CNY 1821.4 Million Revenue
August 23, 2023
🌥️Earnings Overview
On August 15 2023, HUYA INC ($NYSE:HUYA) released its Q2 earnings results for FY2023, with total revenue of CNY 1821.4 million, representing a 19.9% drop from the previous year. However, the company reported net income of CNY 23.2 million, a turnaround from the loss of -19.4 million posted in the same quarter of FY2022.
Analysis
GoodWhale conducted an analysis of HUYA INC‘s wellbeing, and according to Star Chart, HUYA INC is strong in asset, medium in growth, profitability and weak in dividend. Its overall health score is 9/10, reflecting the company’s capability to safely ride out any crisis without the risk of bankruptcy. This strength is seen in its cashflows and debt, which is why the company is classified as an ‘elephant’, meaning it is rich in assets after deducting off liabilities. This type of company may be of great interest to investors who are looking for relatively safe but steady investments that will provide a steady return over time. Such investors may appreciate the low risk associated with HUYA INC due to its strong balance sheet and overall health score. Additionally, investors who are looking for long-term investments that will generate passive income may also be interested in this type of company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Huya Inc. More…
| Total Revenues | Net Income | Net Margin |
| 8.25k | -395.96 | -3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Huya Inc. More…
| Operations | Investing | Financing |
| -437.21 | -848.57 | 6.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Huya Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.25k | 1.99k | 46.78 |
Key Ratios Snapshot
Some of the financial key ratios for Huya Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.7% | – | -7.8% |
| FCF Margin | ROE | ROA |
| -7.3% | -3.6% | -3.0% |
Peers
The competition between HUYA Inc and its competitors is fierce. Each company is trying to outdo the other in terms of technology, products, and services. HUYA Inc is constantly innovating and introducing new products and services to the market. Its competitors are also trying to keep up with HUYA Inc’s innovations.
– Leet Technology Inc ($OTCPK:LTES)
Leet Technology Inc is a provider of innovative technology solutions. The company has a market cap of 8.38M as of 2022 and a return on equity of 66.29%. Leet Technology Inc offers a wide range of products and services including software development, web design, and digital marketing. The company is dedicated to helping its clients grow their businesses and reach their full potential.
– Transnational Group Inc ($OTCPK:TAMG)
Transnational Group Inc is a publicly traded company with a market capitalization of 516.84k as of 2022. The company has a strong return on equity of 71.79% and is engaged in the business of providing transportation and logistics services. Transnational Group Inc has a strong focus on customer service and has a reputation for providing quality services. The company has a large network of transportation and logistics facilities and is able to service customers in a wide range of industries. Transnational Group Inc is a well-established company with a long history of providing quality services. The company is publicly traded and has a strong financial position.
– Sparx Technology Inc ($TSXV:SPRX)
Sparx Technology is a publicly traded company with a market capitalization of 4.39 million as of 2022. The company provides software products and services to businesses and organizations worldwide. Sparx Technology’s products and services include enterprise resource planning (ERP), customer relationship management (CRM), and business intelligence (BI) solutions. The company has a strong focus on providing its customers with innovative, cloud-based solutions that help them improve their businesses.
Summary
Investors in HUYA INC may be relieved to see the company return to profitability in Q2 FY2023, with net income of CNY 23.2 million, compared to a loss of -19.4 million in Q2 FY2022. However, total revenue for the period decreased by 19.9% year-on-year, to CNY 1821.4 million. This could be an indicator of a weak performance in the short-term, and further analysis is necessary to assess the company’s long-term prospects. Investors should watch out for key metrics such as margins, cash flows, and customer retention over the coming quarters.
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