China Grand Automotive Services GroupLtd First Quarter 2024 Earnings: EPS: CN¥0.01 (vs CN¥0.07 in 1Q 2023)

China Grand Automotive Services GroupLtd (SHSE:600297) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥27.8b (down 12% from 1Q 2023).
• Net income: CN¥70.9m (down 87% from 1Q 2023).
• Profit margin: 0.3% (down from 1.7% in 1Q 2023).
• EPS: CN¥0.01 (down from CN¥0.07 in 1Q 2023).

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

China Grand Automotive Services GroupLtd Earnings Insights

Looking ahead, revenue is expected to decline by 4.2% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in China are expected to grow by 13%.

Performance of the Chinese Specialty Retail industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

Be aware that China Grand Automotive Services GroupLtd is showing 2 warning signs in our investment analysis that you should know about...

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