China Development Bank Financial Leasing (HKG:1606) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥16.9b (up 8.8% from FY 2023).
- Net income: CN¥4.50b (up 8.5% from FY 2023).
- Profit margin: 27% (in line with FY 2023).
- EPS: CN¥0.36 (up from CN¥0.33 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Development Bank Financial Leasing Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%.
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Diversified Financial industry in Hong Kong.
Performance of the Hong Kong Diversified Financial industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for China Development Bank Financial Leasing you should be aware of, and 1 of them is concerning.
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