Earnings Alerts

Guangzhou Automobile Group (2238) Earnings: 1H Net Income Falls 49% to 1.52B Yuan

  • Net income for the first half of 2024: 1.52 billion yuan, down 49% year-over-year
  • Revenue for the first half of 2024: 45.81 billion yuan, down 26% year-over-year
  • EPS (Earnings Per Share): 14 RMB cents, compared to 28 RMB cents year-over-year
  • Interim dividend per share: 3.0 RMB cents
  • Analyst ratings: 15 buys, 8 holds, 1 sell

Guangzhou Automobile Group on Smartkarma

Analyst coverage of Guangzhou Automobile Group on Smartkarma has been positive. Travis Lundy‘s recent report titled “A/H Premium Tracker (To 9 Aug 2024)” highlighted the decrease in AH premia after reaching multi-year highs, with strong Southbound inflows and net buying for two weeks. Meanwhile, Ming Lu‘s analysis in “China Consumption Weekly (24 Jun 2024)” noted the surge in GMV for platforms like Kuaishou and Bilibili, alongside other industry developments like GAC Honda’s employee dismissals.

In another report by Travis Lundy on “A/H Premium Tracker (To 12 Apr 2024),” he mentioned the rebound in “right trades” and the high AH premia levels, suggesting a potential correction. The Quiddity Portfolio also showed impressive performance over two weeks amid changing Southbound and Northbound positions. These insights offer valuable perspectives on Guangzhou Automobile Group‘s market dynamics and performance trends.


A look at Guangzhou Automobile Group Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE4.4

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

Guangzhou Automobile Group Company, Ltd., a key player in the automotive industry, has been assessed using the Smartkarma Smart Scores system. With a top score of 5 in both Value and Dividend categories, the company showcases strong financial stability and investor returns. In addition, scoring a commendable 4 in Growth, Resilience, and Momentum categories, Guangzhou Automobile Group demonstrates a promising long-term outlook across various key factors.

With a solid foundation in manufacturing, selling, and servicing automobiles, as well as involvement in parts and components, Guangzhou Automobile Group is well-positioned to leverage its strengths in the global market. Its robust performance across strategic areas indicates a positive trajectory for the company’s future growth and sustainability.


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.
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