China Development Bank Financial Leasing First Half 2024 Earnings: EPS: CN¥0.15 (vs CN¥0.15 in 1H 2023)

Simply Wall St · 09/29 00:26

China Development Bank Financial Leasing (HKG:1606) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥8.10b (up 25% from 1H 2023).
  • Net income: CN¥1.88b (down 4.0% from 1H 2023).
  • Profit margin: 23% (down from 30% in 1H 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥0.15 (down from CN¥0.15 in 1H 2023).
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SEHK:1606 Earnings and Revenue Growth September 29th 2024

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

China Development Bank Financial Leasing Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Hong Kong.

Performance of the Hong Kong Diversified Financial industry.

The company's shares are up 5.7% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for China Development Bank Financial Leasing that you should be aware of before investing here.