People's Insurance Company (Group) of China Second Quarter 2024 Earnings: EPS: CN¥0.33 (vs CN¥0.20 in 2Q 2023)

Simply Wall St · 08/31 01:36

People's Insurance Company (Group) of China (HKG:1339) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥134.4b (up 8.3% from 2Q 2023).
  • Net income: CN¥14.4b (up 63% from 2Q 2023).
  • Profit margin: 11% (up from 7.1% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.33 (up from CN¥0.20 in 2Q 2023).
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SEHK:1339 Earnings and Revenue Growth August 31st 2024

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

People's Insurance Company (Group) of China Earnings Insights

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Hong Kong.

Performance of the Hong Kong Insurance industry.

The company's shares are up 7.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for People's Insurance Company (Group) of China you should know about.