- Changan Auto reported a net income of 2.83 billion yuan in the first half of 2024.
- This figure represents a 63% decrease compared to the same period last year, where net income was 7.65 billion yuan.
- Revenue for Changan Auto in the first half of 2024 reached 76.72 billion yuan.
- This marks a 17% increase in revenue compared to the previous year.
- Analyst recommendations for Changan Auto include 27 buys, 5 holds, and no sells.
- Comparisons to past results are based on values reported from the company’s original disclosures.
A look at Chongqing Changan Automobile Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Chongqing Changan Automobile Company Limited is poised for a promising future based on its strong performance across key factors. With a top score of 5 in both Value and Dividend, the company showcases solid financial health and commitment to rewarding its investors. Additionally, scoring a 4 in both Growth and Resilience, Chongqing Changan Automobile Company demonstrates a balanced approach towards sustainable expansion and ability to withstand market challenges.
While Momentum, with a score of 3, indicates room for improvement in market traction, the overall outlook remains positive for Chongqing Changan Automobile Company. As a developer, manufacturer, and marketer of a range of vehicles and engines, the company stands as a formidable player in the automotive industry, positioning itself for long-term success.
Summary: Chongqing Changan Automobile Company Limited is a manufacturer and marketer of mini cars, mini sedans, full-size sedans, and engines, showcasing a strong financial performance and commitment to investor returns.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
