China Galaxy Securities Third Quarter 2024 Earnings: EPS: CN¥0.20 (vs CN¥0.16 in 3Q 2023)

Simply Wall St·10/31/2024 22:19:23

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China Galaxy Securities (HKG:6881) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥9.49b (up 26% from 3Q 2023).
Net income: CN¥3.18b (up 56% from 3Q 2023).
Profit margin: 34% (up from 27% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: CN¥0.20 (up from CN¥0.16 in 3Q 2023).

earnings-and-revenue-growth — SEHK:6881 Earnings and Revenue Growth October 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Galaxy Securities Earnings Insights

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Capital Markets industry in Hong Kong.

Performance of the Hong Kong Capital Markets industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for China Galaxy Securities you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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