Bank of Qingdao First Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.16 in 1Q 2023)

Bank of Qingdao (HKG:3866) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.30b (up 17% from 1Q 2023).
• Net income: CN¥1.08b (up 19% from 1Q 2023).
• Profit margin: 47% (in line with 1Q 2023).
• EPS: CN¥0.19 (up from CN¥0.16 in 1Q 2023).

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

Bank of Qingdao Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Banks industry in Hong Kong.

Performance of the Hong Kong Banks industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Bank of Qingdao that you need to take into consideration.

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