Chongqing Rural Commercial Bank (HKG:3618) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥22.3b (up 1.2% from FY 2023).
- Net income: CN¥11.5b (up 8.0% from FY 2023).
- Profit margin: 52% (up from 48% in FY 2023). The increase in margin was primarily driven by lower expenses.
- EPS: CN¥0.99 (up from CN¥0.94 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chongqing Rural Commercial Bank Earnings Insights
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Banks industry in Hong Kong.
Performance of the Hong Kong Banks industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Chongqing Rural Commercial Bank's balance sheet.
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