Guangzhou Automobile Group Second Quarter 2024 Earnings: EPS: CN¥0.026 (vs CN¥0.13 in 2Q 2023)
Guangzhou Automobile Group (HKG:2238) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥24.7b (down 30% from 2Q 2023).
- Net income: CN¥296.0m (down 79% from 2Q 2023).
- Profit margin: 1.2% (down from 4.0% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.026 (down from CN¥0.13 in 2Q 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 down 6.0% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Guangzhou Automobile Group that you need to take into consideration.
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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.
About SEHK:2238
Guangzhou Automobile Group
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.
Adequate balance sheet with moderate growth potential.