Great Wall Motor Second Quarter 2024 Earnings: EPS: CN¥0.45 (vs CN¥0.14 in 2Q 2023)

Simply Wall St · 08/30 23:46

Great Wall Motor (HKG:2333) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥48.6b (up 19% from 2Q 2023).
  • Net income: CN¥3.85b (up 224% from 2Q 2023).
  • Profit margin: 7.9% (up from 2.9% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.45 (up from CN¥0.14 in 2Q 2023).
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SEHK:2333 Earnings and Revenue Growth August 30th 2024

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

Great Wall Motor Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in Hong Kong.

Performance of the Hong Kong Auto industry.

The company's shares are up 6.7% 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 Great Wall Motor's balance sheet.