Shanghai Pudong Development Bank (SHSE:600000) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥20.0b (up 6.3% from 3Q 2023).
- Net income: CN¥8.24b (up 70% from 3Q 2023).
- Profit margin: 41% (up from 26% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: CN¥0.23 (up from CN¥0.12 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Pudong Development Bank Earnings Insights
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China.
Performance of the Chinese Banks industry.
The company’s shares are down 3.0% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we’ve spotted with Shanghai Pudong Development Bank.
