Huishang Bank (HKG:3698) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥29.4b (up 6.0% from FY 2023).
- Net income: CN¥15.4b (up 11% from FY 2023).
- Profit margin: 52% (up from 50% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥1.05 (up from CN¥1.00 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Huishang Bank Revenues Disappoint
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.0% 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.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Huishang Bank you should know about.
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