Jiangsu Zhangjiagang Rural Commercial Bank Full Year 2024 Earnings: Misses Expectations

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Jiangsu Zhangjiagang Rural Commercial Bank (SZSE:002839) Full Year 2024 Results

Key Financial Results

  • Revenue: CN¥3.79b (up 5.8% from FY 2023).
  • Net income: CN¥1.88b (up 11% from FY 2023).
  • Profit margin: 50% (up from 47% in FY 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.81 (up from CN¥0.78 in FY 2023).

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SZSE:002839 Earnings and Revenue Growth April 1st 2025

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

Jiangsu Zhangjiagang Rural Commercial Bank Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 5.8%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Banks industry in China.

Performance of the Chinese Banks industry.

The company's share price is broadly unchanged 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 Jiangsu Zhangjiagang Rural Commercial Bank's balance sheet and an in-depth analysis of the company's financial position.

Valuation is complex, but we're here to simplify it.

Discover if Jiangsu Zhangjiagang Rural Commercial Bank might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.