China Galaxy Securities (HKG:6881) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥36.6b (up 5.7% from FY 2023).
- Net income: CN¥8.82b (up 27% from FY 2023).
- Profit margin: 24% (up from 20% in FY 2023).
- EPS: CN¥0.81 (up from CN¥0.67 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Galaxy Securities Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) also missed analyst estimates by 2.8%.
The primary driver behind last 12 months revenue was the Other Parent Subsidiary Integration Business segment contributing a total revenue of CN¥15.2b (42% of total revenue). The largest operating expense was General & Administrative costs, amounting to CN¥8.07b (58% of total expenses). Explore how 6881's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Capital Markets industry in Hong Kong.
Performance of the Hong Kong Capital Markets industry.
The company's shares are down 1.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - China Galaxy Securities has 1 warning sign we think you should be aware of.
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