China Yongda Automobiles Services Holdings First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

China Yongda Automobiles Services Holdings (HKG:3669) First Half 2024 Results

Key Financial Results

• Revenue: CN¥31.0b (down 13% from 1H 2023).
• Net income: CN¥111.5m (down 73% from 1H 2023).
• Profit margin: 0.4% (down from 1.1% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.058 (down from CN¥0.21 in 1H 2023).

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

China Yongda Automobiles Services Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) missed analyst estimates by 50%.

Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Hong Kong are expected to grow by 9.1%.

Performance of the Hong Kong Specialty Retail industry.

The company's shares are up 17% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for China Yongda Automobiles Services Holdings that you need to take into consideration.

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