China Cinda Asset Management (HKG:1359) First Half 2024 Results
Key Financial Results
- Revenue: CN¥9.28b (down 36% from 1H 2023).
- Net income: CN¥1.64b (down 60% from 1H 2023).
- Profit margin: 18% (down from 28% in 1H 2023).
- EPS: CN¥0.043 (down from CN¥0.09 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Cinda Asset Management Earnings Insights
Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Capital Markets industry in Hong Kong.
Performance of the Hong Kong Capital Markets industry.
The company's shares are down 1.6% from a week ago.
Risk Analysis
You still need to take note of risks, for example - China Cinda Asset Management has 4 warning signs (and 1 which is concerning) we think you should know about.
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