China Everbright Bank Second Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2023)
China Everbright Bank (SHSE:601818) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥25.3b (up 3.1% from 2Q 2023).
- Net income: CN¥13.7b (up 53% from 2Q 2023).
- Profit margin: 54% (up from 37% in 2Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: CN¥0.19.
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Everbright Bank Earnings Insights
Looking ahead, revenue is forecast to grow 14% 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 5.5% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for China Everbright Bank that you should be aware of before investing here.
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About SHSE:601818
China Everbright Bank
Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.
Flawless balance sheet, undervalued and pays a dividend.