China Galaxy Securities Second Quarter 2024 Earnings: EPS: CN¥0.24 (vs CN¥0.24 in 2Q 2023)

Simply Wall St · 08/31 00:42

China Galaxy Securities (HKG:6881) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥10.4b (up 13% from 2Q 2023).
  • Net income: CN¥2.76b (up 19% from 2Q 2023).
  • Profit margin: 27% (up from 25% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.24.
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SEHK:6881 Earnings and Revenue Growth August 31st 2024

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

China Galaxy Securities Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% 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 7.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for China Galaxy Securities (1 is concerning!) that you need to take into consideration.