Stock Analysis
Guangzhou Automobile Group First Quarter 2024 Earnings: EPS: CN¥0.12 (vs CN¥0.15 in 1Q 2023)
Guangzhou Automobile Group (HKG:2238) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥21.6b (down 19% from 1Q 2023).
- Net income: CN¥1.22b (down 21% from 1Q 2023).
- Profit margin: 5.7% (down from 5.8% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.12 (down from CN¥0.15 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Guangzhou Automobile Group Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in Hong Kong.
Performance of the Hong Kong Auto industry.
The company's shares are up 4.5% from a week ago.
Risk Analysis
Be aware that Guangzhou Automobile Group is showing 2 warning signs in our investment analysis that you should know about...
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About SEHK:2238
Guangzhou Automobile Group
Guangzhou Automobile Group Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, and sale of vehicles and motorcycles, and parts and components; and provision of commercial and financial services in Mainland China and internationally.
Fair value with mediocre balance sheet.