Anhui Jianghuai Automobile GroupLtd Full Year 2024 Earnings: Misses Expectations

Anhui Jianghuai Automobile GroupLtd (SHSE:600418) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥42.2b (down 6.3% from FY 2023).
• Net loss: CN¥1.78b (down from CN¥151.5m profit in FY 2023).
• CN¥0.82 loss per share (down from CN¥0.07 profit in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Anhui Jianghuai Automobile GroupLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto industry in China.

Performance of the Chinese Auto industry.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Anhui Jianghuai Automobile GroupLtd's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.