Stock Analysis
- Hong Kong
- /
- Capital Markets
- /
- SEHK:6881
China Galaxy Securities First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
China Galaxy Securities (HKG:6881) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥7.21b (down 17% from 1Q 2023).
- Net income: CN¥1.63b (down 28% from 1Q 2023).
- Profit margin: 23% (down from 26% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.12 (down from CN¥0.21 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Galaxy Securities Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 37%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 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 12% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for China Galaxy Securities that you should be aware of.
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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.
About SEHK:6881
China Galaxy Securities
Provides various financial services in the People’s Republic of China.