Guolian Securities First Quarter 2024 Earnings: CN¥0.08 loss per share (vs CN¥0.07 profit in 1Q 2023)

Guolian Securities (HKG:1456) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥173.3m (down 74% from 1Q 2023).
• Net loss: CN¥218.8m (down by 206% from CN¥207.3m profit in 1Q 2023).
• CN¥0.08 loss per share (down from CN¥0.07 profit in 1Q 2023).

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

Guolian Securities Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Capital Markets industry in Hong Kong.

Performance of the Hong Kong Capital Markets industry.

The company's shares are up 26% from a week ago.

Risk Analysis

Be aware that Guolian Securities is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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