Dongfeng Motor Group First Half 2024 Earnings: EPS: CN¥0.083 (vs CN¥0.15 in 1H 2023)

Dongfeng Motor Group (HKG:489) First Half 2024 Results

Key Financial Results

• Revenue: CN¥51.1b (up 12% from 1H 2023).
• Net income: CN¥684.0m (down 48% from 1H 2023).
• Profit margin: 1.3% (down from 2.9% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.083 (down from CN¥0.15 in 1H 2023).

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

Dongfeng Motor Group Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% 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 23% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Dongfeng Motor Group that we have uncovered.

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