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).
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.
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