China CITIC Financial Asset Management Co., Ltd.

DB:CHE Stock Report

Market Cap: €6.3b

China CITIC Financial Asset Management Past Earnings Performance

Past criteria checks 2/6

China CITIC Financial Asset Management has been growing earnings at an average annual rate of 14.7%, while the Capital Markets industry saw earnings growing at 1.9% annually. Revenues have been declining at an average rate of 48.6% per year. China CITIC Financial Asset Management's return on equity is 20.8%, and it has net margins of 126.4%.

Key information

14.7%

Earnings growth rate

21.0%

EPS growth rate

Capital Markets Industry Growth15.2%
Revenue growth rate-48.6%
Return on equity20.8%
Net Margin126.4%
Last Earnings Update30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How China CITIC Financial Asset Management makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:CHE Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 249,10411,5097360
31 Mar 249,9266,6377340
31 Dec 2310,7471,7667330
30 Sep 231,059-8,3849190
30 Jun 23-7,927-17,5031,1060
31 Mar 23-19,303-25,3431,1140
31 Dec 22-30,679-33,1821,1230
30 Sep 22-12,783-28,5901,1720
30 Jun 225,114-23,9971,2200
31 Mar 2214,300-14,0491,2180
31 Dec 2123,486-4,1011,2150
30 Jun 216,442-104,9942,5090
31 Mar 218,326-104,0242,5460
31 Dec 2010,210-103,0542,5840
30 Sep 2023,459-51,8941,5590
30 Jun 2036,166-8855300
31 Mar 2040,3112705430
31 Dec 1944,4561,4245560
30 Sep 1942,1222,4173700
30 Jun 1939,7883,4101840
31 Mar 1938,7452,4931230
31 Dec 1837,7021,576630
30 Sep 1848,1925,4463900
30 Jun 1858,6829,3177180
31 Mar 1867,29315,6557180
31 Dec 1775,90521,9937180
30 Sep 1768,44321,7936560
30 Jun 1760,98121,5945950
31 Mar 1754,75220,6045950
31 Dec 1648,52319,6135950
30 Sep 1646,66118,5093920
30 Jun 1644,79817,4051890
31 Mar 1642,99916,0573260
31 Dec 1539,76214,4823260
30 Sep 1537,54413,9593220
30 Jun 1535,32613,4363170
31 Mar 1529,88012,0281670
31 Dec 1427,84910,6571800
30 Sep 1425,92010,243990
30 Jun 1423,9929,830170
31 Mar 1422,0869,149210
31 Dec 1320,6508,660250

Quality Earnings: CHE has a large one-off gain of CN¥5.9B impacting its last 12 months of financial results to 30th June, 2024.

Growing Profit Margin: CHE became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CHE has become profitable over the past 5 years, growing earnings by 14.7% per year.

Accelerating Growth: CHE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CHE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (11.6%).

Return on Equity

High ROE: Whilst CHE's Return on Equity (20.82%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 04:10
End of Day Share Price 2024/12/27 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China CITIC Financial Asset Management Co., Ltd. is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shanshan LiBOCOM International Securities Limited
Jiahui YanChina International Capital Corporation Limited
Jacky ZuoDeutsche Bank