China Development Bank Financial Leasing Full Year 2024 Earnings: Beats Expectations

China Development Bank Financial Leasing (HKG:1606) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥16.5b (up 6.2% from FY 2023).
• Net income: CN¥4.50b (up 8.5% from FY 2023).
• Profit margin: 27% (in line with FY 2023).
• EPS: CN¥0.36 (up from CN¥0.33 in FY 2023).

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

China Development Bank Financial Leasing Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%.

The primary driver behind last 12 months revenue was the Aircraft Leasing segment contributing a total revenue of CN¥8.19b (50% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CN¥7.09b (59% of total expenses). Explore how 1606'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 15% growth forecast for the Diversified Financial industry in Hong Kong.

Performance of the Hong Kong Diversified Financial industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for China Development Bank Financial Leasing (1 is significant!) that you should be aware of before investing here.

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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.