Qingdao Rural Commercial Bank Past Earnings Performance
Past criteria checks 4/6
Qingdao Rural Commercial Bank's earnings have been declining at an average annual rate of -5.4%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 4.5% per year. Qingdao Rural Commercial Bank's return on equity is 6.6%, and it has net margins of 45.4%.
Key information
-5.4%
Earnings growth rate
-5.8%
EPS growth rate
| Banks Industry Growth | 12.1% |
| Revenue growth rate | -4.5% |
| Return on equity | 6.6% |
| Net Margin | 45.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Qingdao Rural Commercial Bank makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 5,474 | 2,484 | 3,360 | 0 |
| 30 Jun 24 | 5,436 | 2,463 | 3,314 | 0 |
| 31 Mar 24 | 5,440 | 2,428 | 3,297 | 0 |
| 31 Dec 23 | 5,383 | 2,327 | 3,274 | 0 |
| 30 Sep 23 | 5,308 | 2,324 | 3,071 | 0 |
| 30 Jun 23 | 5,286 | 2,219 | 3,067 | 0 |
| 31 Mar 23 | 5,207 | 2,129 | 3,088 | 0 |
| 31 Dec 22 | 5,088 | 2,076 | 3,017 | 0 |
| 30 Sep 22 | 6,443 | 3,036 | 3,047 | 0 |
| 30 Jun 22 | 6,396 | 3,054 | 3,018 | 0 |
| 31 Mar 22 | 6,373 | 2,998 | 2,971 | 0 |
| 31 Dec 21 | 6,414 | 2,970 | 3,009 | 0 |
| 30 Sep 21 | 6,352 | 3,219 | 2,875 | 0 |
| 30 Jun 21 | 6,237 | 3,140 | 2,834 | 0 |
| 31 Mar 21 | 6,001 | 3,019 | 2,792 | 0 |
| 31 Dec 20 | 5,942 | 2,960 | 2,755 | 0 |
| 30 Sep 20 | 6,068 | 2,941 | 2,825 | 0 |
| 30 Jun 20 | 5,981 | 2,893 | 2,736 | 0 |
| 31 Mar 20 | 6,061 | 2,918 | 2,697 | 0 |
| 31 Dec 19 | 5,984 | 2,825 | 2,640 | 0 |
| 30 Sep 19 | 7,770 | 2,742 | 2,526 | 0 |
| 30 Jun 19 | 7,599 | 2,581 | 2,519 | 0 |
| 31 Mar 19 | 7,557 | 2,497 | 2,454 | 0 |
| 31 Dec 18 | 7,417 | 2,419 | 2,405 | 0 |
| 31 Dec 17 | 4,967 | 2,136 | 2,170 | 0 |
| 31 Dec 16 | 4,590 | 1,927 | 1,962 | 0 |
| 31 Dec 15 | 4,598 | 1,864 | 1,795 | 0 |
| 01 Jan 15 | 4,914 | 1,716 | 2,119 | 0 |
| 31 Dec 13 | 4,431 | 1,650 | 1,885 | 0 |
Quality Earnings: 002958 has high quality earnings.
Growing Profit Margin: 002958's current net profit margins (45.4%) are higher than last year (43.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002958's earnings have declined by 5.4% per year over the past 5 years.
Accelerating Growth: 002958's earnings growth over the past year (6.9%) exceeds its 5-year average (-5.4% per year).
Earnings vs Industry: 002958 earnings growth over the past year (6.9%) exceeded the Banks industry 2.7%.
Return on Equity
High ROE: 002958's Return on Equity (6.6%) is considered low.