Bank of Nanjing Third Quarter 2024 Earnings: EPS: CN¥0.47 (vs CN¥0.42 in 3Q 2023)

Bank of Nanjing (SHSE:601009) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥9.56b (up 12% from 3Q 2023).
• Net income: CN¥5.07b (up 10% from 3Q 2023).
• Profit margin: 53% (down from 54% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.47 (up from CN¥0.42 in 3Q 2023).

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

Bank of Nanjing Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in China.

Performance of the Chinese Banks industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Bank of Nanjing that you should be aware of.

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