China Zheshang Bank Second Quarter 2024 Earnings: EPS: CN¥0.074 (vs CN¥0.091 in 2Q 2023)
China Zheshang Bank (HKG:2016) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥7.33b (up 2.8% from 2Q 2023).
- Net income: CN¥2.09b (down 1.5% from 2Q 2023).
- Profit margin: 28% (down from 30% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.074 (down from CN¥0.091 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Zheshang Bank Earnings Insights
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Banks industry in Hong Kong.
Performance of the Hong Kong Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - China Zheshang Bank has 1 warning sign we think you should be aware of.
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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:2016
China Zheshang Bank
Provides various commercial banking products and services in Mainland China.
Flawless balance sheet and undervalued.