Jiangsu Jiangyin Rural Commercial BankLTD Second Quarter 2024 Earnings: EPS: CN¥0.15 (vs CN¥0.16 in 2Q 2023)

Simply Wall St · 08/30 23:43

Jiangsu Jiangyin Rural Commercial BankLTD (SZSE:002807) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥673.3m (up 38% from 2Q 2023).
  • Net income: CN¥375.7m (up 8.5% from 2Q 2023).
  • Profit margin: 56% (down from 71% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.15.
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SZSE:002807 Earnings and Revenue Growth August 30th 2024

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

Jiangsu Jiangyin Rural Commercial BankLTD Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China.

Performance of the Chinese Banks industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Jiangsu Jiangyin Rural Commercial BankLTD that you need to take into consideration.