Chongqing Rural Commercial Bank Third Quarter 2024 Earnings: EPS: CN¥0.25 (vs CN¥0.25 in 3Q 2023)

Chongqing Rural Commercial Bank (HKG:3618) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥5.56b (flat on 3Q 2023).
• Net income: CN¥3.03b (flat on 3Q 2023).
• Profit margin: 54% (in line with 3Q 2023).
• EPS: CN¥0.25 (down from CN¥0.25 in 3Q 2023).

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

Chongqing Rural Commercial Bank Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Banks industry in Hong Kong.

Performance of the Hong Kong Banks industry.

The company's shares are down 5.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Chongqing Rural Commercial Bank's balance sheet.

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