Stock Analysis

Bank of Guizhou Full Year 2023 Earnings: EPS: CN¥0.24 (vs CN¥0.26 in FY 2022)

Simply Wall St

May 05, 2024

Bank of Guizhou (HKG:6199) Full Year 2023 Results

Key Financial Results

Revenue: CN¥8.02b (down 1.4% from FY 2022).
Net income: CN¥3.54b (down 7.5% from FY 2022).
Profit margin: 44% (down from 47% in FY 2022). The decrease in margin was primarily driven by higher expenses.
EPS: CN¥0.24 (down from CN¥0.26 in FY 2022).

6199 Banking Performance Indicators

Net interest margin (NIM): 1.77% (down from 2.22% in FY 2022).
Cost-to-income ratio: 33.5% (up from 30.7% in FY 2022).
Non-performing loans: 1.68% (up from 1.47% in FY 2022).

revenue-and-expenses-breakdown — SEHK:6199 Revenue and Expenses Breakdown May 5th 2024

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

Bank of Guizhou Earnings Insights

The primary driver behind last 12 months revenue was the Corporate Banking segment contributing a total revenue of CN¥3.85b (48% of total revenue). The largest operating expense was General & Administrative costs, amounting to CN¥3.79b (85% of total expenses). Explore how 6199's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 11% 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

Before you take the next step you should know about the 1 warning sign for Bank of Guizhou that we have uncovered.

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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.