Bank of Beijing Third Quarter 2024 Earnings: EPS: CN¥0.29 (vs CN¥0.28 in 3Q 2023)

Bank of Beijing (SHSE:601169) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥12.1b (down 2.1% from 3Q 2023).
• Net income: CN¥6.59b (flat on 3Q 2023).
• Profit margin: 55% (up from 53% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.29 (up from CN¥0.28 in 3Q 2023).

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

Bank of Beijing Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China.

Performance of the Chinese Banks industry.

The company's shares are down 2.2% 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 have a graphic representation of Bank of Beijing's balance sheet and an in-depth analysis of the company's financial position.

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