Reported Q: Q2 2024 Rev YoY: +48.1% EPS YoY: +147.5% Move: -2.56%
Bank of Tianjin Co Ltd
1578.HK
HKD2.28 -2.56%
Exchange HKSE Sector Financial Services Industry Banks Regional
Q2 2024
Published: Jun 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 1578.HK

Reported

Report Date

Jun 30, 2024

Quarter Q2 2024

Revenue

2.19B

YoY: +48.1%

EPS

0.17

YoY: +147.5%

Market Move

-2.56%

Previous quarter: Q1 2024

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Earnings Highlights

  • Revenue of $2.19B up 48.1% year-over-year
  • EPS of $0.17 increased by 147.5% from previous year
  • Gross margin of 100.0%
  • Net income of 1.06B
  • "N/A" - N/A
1578.HK
Company 1578.HK

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Executive Summary

Bank of Tianjin delivered a strong QQ2 2024 core earnings result with a sizable YoY uplift in revenue and a markedly higher net income, underpinned by an exceptionally high reported gross margin and solid operating leverage. Revenue stood at 2.192 billion CNY, up 48.1% YoY, while operating income rose 102.2% YoY to 1.145 billion CNY and net income rose 153.8% YoY to 1.059 billion CNY, producing an EPS of 0.17 CNY. The quarterly performance reflects improvement in profitability, though the reported gross margin of 100% and near-term cash flow dynamics suggest data-treatment and balance sheet movements that merit careful interpretation within the banking context.

Balance-sheet and liquidity remained robust. Total assets reached 897.38 billion CNY with total equity of 66.01 billion CNY and a notably net cash position (net debt negative) of approximately 82.13 billion CNY. The bank ended the period with cash and cash equivalents around 82.13 billion CNY on the balance sheet and 32.14 billion CNY in cash at period end. Cash flow from operations was negative (-5.51 billion CNY) driven by working capital dynamics and large investment activity, while financing activities added 11.59 billion CNY, supporting a net increase in cash of about 11.49 billion CNY for the period. Investment activity was material, with purchases of investments totaling about 146.92 billion CNY and proceeds of 141.06 billion CNY, resulting in a net cash usage from investing activities of roughly 333.7 million CNY. Overall, the firm demonstrates strong liquidity but faces near-term cash-flow volatility from balance-sheet optimization and investment activity. Investors should monitor loan growth trends, asset quality indicators, and the sustainability of investment-driven earnings.

Key Performance Indicators

Revenue
Increasing
2.19B
QoQ: 0.00% | YoY: 48.10%
Gross Profit
Decreasing
2.19B
1.00% margin
QoQ: 0.00% | YoY: -89.27%
Operating Income
Increasing
1.15B
QoQ: 0.00% | YoY: 102.19%
Net Income
Increasing
1.06B
QoQ: 0.00% | YoY: 153.77%
EPS
Increasing
0.17
QoQ: 0.00% | YoY: 147.45%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 3,776.34 0.30 +106.3% View
Q1 2025 2,310.29 0.18 +56.1% View
Q4 2024 2,935.32 0.23 -24.6% View
Q2 2024 2,192.15 0.17 +48.1% View
Q1 2024 2,192.15 0.17 -0.1% View