China Motor Second Quarter 2024 Earnings: EPS: NT$2.21 (vs NT$2.83 in 2Q 2023)

China Motor (TWSE:2204) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$11.6b (up 24% from 2Q 2023).
• Net income: NT$1.21b (down 22% from 2Q 2023).
• Profit margin: 10% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$2.21 (down from NT$2.83 in 2Q 2023).

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

China Motor Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Auto industry in Asia.

Performance of the market in Taiwan.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - China Motor has 1 warning sign we think you should be aware of.

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