Jiangling Motors Corporation Second Quarter 2024 Earnings: EPS: CN¥0.48 (vs CN¥0.64 in 2Q 2023)

Jiangling Motors Corporation (SZSE:000550) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥9.95b (up 26% from 2Q 2023).
• Net income: CN¥413.1m (down 24% from 2Q 2023).
• Profit margin: 4.2% (down from 6.9% in 2Q 2023).
• EPS: CN¥0.48 (down from CN¥0.64 in 2Q 2023).

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

Jiangling Motors Corporation Earnings Insights

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in China.

Performance of the Chinese Auto industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Jiangling Motors Corporation you should know about.

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