Geely Automobile Holdings Second Quarter 2024 Earnings: EPS: CN¥0.89 (vs CN¥0.078 in 2Q 2023)

Simply Wall St · 08/31 00:00

Geely Automobile Holdings (HKG:175) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥55.0b (up 39% from 2Q 2023).
  • Net income: CN¥8.96b (up by CN¥8.18b from 2Q 2023).
  • Profit margin: 16% (up from 2.0% in 2Q 2023).
  • EPS: CN¥0.89 (up from CN¥0.078 in 2Q 2023).
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SEHK:175 Earnings and Revenue Growth August 31st 2024

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

Geely Automobile Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 11% 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 9.6% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Geely Automobile Holdings (1 is a bit concerning!) that you should be aware of before investing here.