长城汽车：Overseas, new models to support FY25 after in-line 3Q24 core earnings

28 Oct 2024 Earnings Summary (YE 31 Dec) FY22A FY23A FY24E FY25E FY26E Revenue (RMB mn) 137,340 173,212 204,470 236,000 258,850 YoY growth (%) 0.7 26.1 18.0 15.4 9.7 Net profit (RMB mn) 8,266.0 7,021.6 12,768.3 14,022.8 13,886.9 YoY growth (%) 22.9 (15.1) 81.8 9.8 (1.0) EPS (Reported) (RMB) 0.91 0.80 1.45 1.57 1.54 P/E (x) 14.4 16.5 9.1 8.4 8.5 P/B (x) 1.8 1.7 1.5 1.3 1.2 Yield (%) 2.1 2.2 3.9 4.2 4.1 ROE (%) 13.0 10.5 17.3 16.7 14.7 Source: Company data, Bloomberg, CMBIGM estimates CMB International Global ...