Guangzhou Rural Commercial Bank First Half 2023 Earnings: EPS: CN¥0.13 (vs CN¥0.17 in 1H 2022)

Guangzhou Rural Commercial Bank (HKG:1551) First Half 2023 Results

Key Financial Results

• Revenue: CN¥5.47b (down 15% from 1H 2022).
• Net income: CN¥1.46b (down 24% from 1H 2022).
• Profit margin: 27% (down from 30% in 1H 2022). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.13 (down from CN¥0.17 in 1H 2022).

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

Guangzhou Rural Commercial Bank's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Guangzhou Rural Commercial Bank (1 is a bit unpleasant!) that you need to be mindful of.

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