Zhejiang Shaoxing RuiFeng Rural Commercial BankLtd Second Quarter 2024 Earnings: EPS: CN¥0.23 (vs CN¥0.20 in 2Q 2023)

Zhejiang Shaoxing RuiFeng Rural Commercial BankLtd (SHSE:601528) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.47b (up 122% from 2Q 2023).
• Net income: CN¥445.3m (up 16% from 2Q 2023).
• Profit margin: 30% (down from 58% in 2Q 2023).
• EPS: CN¥0.23 (up from CN¥0.20 in 2Q 2023).

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

Zhejiang Shaoxing RuiFeng Rural Commercial BankLtd Earnings Insights

Looking ahead, revenue is forecast to grow 16% 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 up 2.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Zhejiang Shaoxing RuiFeng Rural Commercial BankLtd you should be aware of.

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