Bank of Gansu Co Ltd (2139.HK) Q3 2024 Earnings Report

Next: Q4 2024

Bank of Gansu Co Ltd

2139.HK

HKD0.250 0.00%

Exchange: HKSE | Sector: Financial Services | Industry: Banks Regional

Q3 2024

Published: Sep 30, 2024

Earnings Highlights

Revenue of $718.62M down 6.3% year-over-year
EPS of $0.01 decreased by 21.5% from previous year
Gross margin of 100.0%
Net income of 93.92M
"" -

2139.HK

Company 2139.HK

Period Q3 2024

Currency CNY

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Bank of Gansu reported QQ3 2024 revenue of 718.62 million CNY and net income of 93.92 million CNY, delivering a net margin of 13.1% and an earnings per share (EPS) of 0.0062. Year-over-year (YoY) revenue and gross profit declined 6.25%, while quarter-over-quarter (QoQ) revenue grew 1.62%. Operating income contracted 3.17% YoY and plunged 51.01% QoQ to 96.44 million CNY, signaling a meaningful sequential slowdown in core operating activity despite a stable top line. The tax expense rose to 26.59 million CNY, yielding a pre-tax profit of 68.54 million CNY and an effective tax rate of approximately 38.8%. Net income declined YoY by 20.9% and QoQ by 52.4% even as the company generated substantial cash flow from operations.

Key Performance Indicators

Revenue

Decreasing

718.62M

QoQ: 1.62% | YoY: -6.25%

Gross Profit

Decreasing

718.62M

1.00% margin

QoQ: 1.62% | YoY: -6.25%

Operating Income

Decreasing

96.44M

QoQ: -51.01% | YoY: -3.17%

Net Income

Decreasing

93.92M

QoQ: -52.39% | YoY: -20.85%

EPS

Decreasing

0.01

QoQ: -52.67% | YoY: -21.52%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: 718.62m; YoY -6.25%; QoQ +1.62%
Gross Profit: 718.62m; YoY -6.25%; QoQ +1.62%
Operating Income: 96.44m; YoY -3.17%; QoQ -51.01%
Net Income: 93.92m; YoY -20.85%; QoQ -52.39%
EPS: 0.0062; YoY -21.52%; QoQ -52.67%
Gross Margin: 100.0% (gross profit equals revenue)
Operating Margin: 13.42%; Net Margin: 13.07%
Tax Expense: 26.59m; Pre-Tax Income: 68.54m; Effective Tax Rate: ~38.8%
Cash Flow (Operating): 5.94b; Free Cash Flow: 5.85b; Change in Working Capital: 5.20b; Other Non-Cash Items: 0.54b
Dividends Paid: 0.0255b; Net Cash Used by Financing Activities: -6.081b; Net Change in Cash: -23.601b
Balance Sheet (CNY): Total Assets 414.708b; Total Liabilities 380.870b; Equity 33.794b; Cash & Equivalents 13.313b; No long-term debt reported; Heavy alignment to "Other Non-Current Assets" at 398.34165b; Current Ratio 1.866; ROE 0.278%; Asset Turnover 0.00173; P/B 0.0998; P/E 8.98; Dividend Yield ~0%

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	718.62M	-6.25%	1.62%
Gross Profit	718.62M	-6.25%	1.62%
Operating Income	96.44M	-3.17%	-51.01%
Net Income	93.92M	-20.85%	-52.39%
EPS	0.01	-21.52%	-52.67%

Key Financial Ratios

Gross Profit Margin

Weak

1.00%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Fair

13.40%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

13.10%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

0.02%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

0.28%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.87

Current ratio shows adequate liquidity to meet short-term obligations

P/E Ratio

Value

8.98x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.10x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	1,399.37	0.03	+94.7%	View
Q1 2025	699.68	0.01	-1.1%	View
Q4 2024	718.62	0.01	-6.3%	View
Q3 2024	718.62	0.01	-6.3%	View

Bank of Gansu Co Ltd (2139.HK) Q3 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

More 2139.HK Quarterly Reports

2139.HK

2139.HK

2139.HK

Q3 2024 Reports in Financial Services Sector

1216.HK

Related Financial Data

Sector Analysis: Financial Services

2139.HK Full Profile

2139.HK Financial Statements

Earnings Calendar