Bairong First Half 2023 Earnings: EPS: CN¥0.43 (vs CN¥0.21 in 1H 2022)

Simply Wall St

September 21, 2023

Bairong (HKG:6608) First Half 2023 Results

Key Financial Results

Revenue: CN¥1.24b (up 32% from 1H 2022).
Net income: CN¥205.3m (up 108% from 1H 2022).
Profit margin: 17% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue.
EPS: CN¥0.43 (up from CN¥0.21 in 1H 2022).

earnings-and-revenue-growth — SEHK:6608 Earnings and Revenue Growth September 21st 2023

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

Bairong Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Capital Markets industry in Hong Kong.

Performance of the Hong Kong Capital Markets industry.

The company's shares are down 2.4% 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 Bairong's balance sheet.

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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.