002807 Jiangsu Jiangyin Rural Commercial Bank
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Jiangsu Jiangyin Rural Commercial Bank News
Bank of Jiangyin (002807): Increased return on investment, expanded marketing and improved quality
Incident: Jiangyin Bank released its 2023 annual report. During the reporting period, the company achieved operating income of 3.865 billion yuan, +2.25% year over year; realized net profit of 1,888 billion yuan, +16.83% year over year; ROE (
Guolian Securities released a research report on April 28 stating that it gave Jiangyin Bank (002807.SZ) a purchase rating. The main reasons for the rating include: 1) a marginal increase in revenue growth and a marked improvement in non-interest income;
Guolian Securities released a research report on April 28 stating that it gave Jiangyin Bank (002807.SZ) a purchase rating. The main reasons for the rating include: 1) a marginal increase in revenue growth and a marked improvement in non-interest income; 2) the credit investment boom is good, making it difficult to resist falling interest spreads; 3) the quality of assets is stable, moderate and improving, and provision plans remain high. (Mainichi Keizai Shimbun)
Bank of Jiangyin (002807): Asset quality continues to improve
Core view: Bank of Jiangyin released its quarterly report for the year 24. 24Q1 revenue, PPOP, and net profit to mother increased 2.6%, 3.1%, and 12.7% year-on-year, respectively. The growth rate changed by -6.3 PCT from 23Q4, -
Bank of Jiangyin (002807) 2024 Quarterly Report Review: Strong Performance Growth, Stable, Moderate and Improved Asset Quality
Incident: On April 26, Jiangyin Bank released its 2024 quarterly report. It achieved revenue of 1.06 billion yuan in the first quarter, up 2.6% year on year, and net profit of 350 million yuan, up 12.7% year on year. Weighted average return on net assets
Express News | Bank of Jiangyin: Net profit from mother in the first quarter was 350 million yuan, up 12.72% year-on-year
Bank of Jiangyin (002807): Q4 revenue growth has rebounded, and the non-performing rate continues to improve
Q4 Revenue growth picked up somewhat. Jiangyin Bank's revenue growth rate for the full year of 2023 increased 2.25% year on year, and net profit to mother increased 16.83% year on year. Among them, Jiangyin Bank's revenue in the Q4 single quarter increased 8.8 compared to 22Q4
Jiangyin Bank (002807.SZ): As of April 10, 2024, the number of shareholders was 50,209
Gelonghui, April 11 | Bank of Jiangyin (002807.SZ) said on an interactive platform that as of April 10, 2024, the number of shareholders of the Bank was 50,209.
Jiangyin Bank (002807.SZ), some directors, supervisors and key personnel increased their holdings by 9371,000 shares
Jiangyin Bank (002807.SZ) announced that some directors, supervisors, senior management and key personnel of the company increased their holdings of the company's shares by 9371,000 shares by purchasing convertible debt-for-shares and increasing their holdings in the secondary market through centralized bidding, accounting for 0.04% of the company's current total share capital, and the total amount of additional shares held was RMB 3.792 million.
Bank of Jiangyin (002807): Strong interest rate resilience, solid asset quality
Incident: Jiangyin Bank released its 23rd annual report and achieved revenue of 3.865 billion yuan in '23, +2.25% year-on-year, growth rate +1.81 PCT compared to the previous three quarters; net profit to mother was 1,888 billion yuan, +16.83% year-on-year
Jiangyin Bank (002807) 2023 Annual Report Review: Bond trading stabilizes revenue, debt-for-equity swaps to increase capital
Incident: On March 29, Jiangyin Bank released its 2023 annual report. It achieved annual revenue of 3.87 billion yuan, an increase of 2.3% year on year, and net profit to mother of 1.89 billion yuan, an increase of 16.8% year on year. Weighted average return on net assets
Bank of Jiangyin (002807): Steady expansion of assets and improvement of profitability
Assets expanded steadily, and profitability increased net profit, revenue, and PPOP +16.8%, +2.3%, and +1.7% year-on-year in 2023, compared to +1.7pct, +1.8pct, and +0.6p from January-September
Bank of Jiangyin (002807.SZ) announced its 2023 annual results, with net profit of 1,888 billion yuan, an increase of 16.83% over the previous year
Bank of Jiangyin (002807.SZ) released its 2023 annual report. The company's revenue was 3.865 billion yuan,...
Express News | Jiangyin Bank: Net profit increased 16.83% year-on-year in 2023, and plans to pay 10 to 1.9 yuan
Yu Gan, the deputy governor of Jiangyin Bank (002807.SZ), was reinstated
Bank of Jiangyin (002807.SZ) announced that the bank recently received the “Wuxi Supervisory Branch of the State Financial Supervisory Administration...
Jiangnan Water Becomes Largest Shareholder in Jiangyin Bank Through Bond Conversion
Jiangnan Water Utilities has converted its convertible bonds in Jiangsu Jiangyin Rural Commercial Bank (SHE:002807) into shares, making it the lender's largest shareholder with a 6.13% stake. The Chin
Jiangnan Water's premium “rescue site” became the largest shareholder of Jiangyin Bank
① Jiangnan Water has become the largest shareholder of Jiangyin Bank through convertible debt-to-equity swaps; ② “Jiangyin Water” is about to face the maturity of the debt conversion period, and the share conversion rate is too low. Payment of maturing principal and interest will put financial pressure on Jiangyin Bank, but Jiangnan Water will not hesitate to “premium” for a short period of time and become a major shareholder of Jiangyin Bank to support Jiangyin Bank; ③ Jiangnan Water said that it will complement resources and create synergy effects with Jiangyin Bank.
Jiangyin Bank (002807.SZ): As of January 10, 2024, the number of shareholders was 52,921
Gelonghui January 15 | Bank of Jiangyin (002807.SZ) said on an interactive platform that as of January 10, 2024, the number of shareholders of the Bank was 52,921.
Shareholder qualifications have certainly been approved. Jiangnan Water's “top” Jiangyin Bank's largest shareholder only owes Dongfeng, and the Everbright debt conversion model is expected to be repeated
① On the afternoon of January 11, Jiangyin Bank announced that it received regulatory approval, approved Jiangnan Water's shareholder status, and agreed to increase its holdings of Jiangyin Bank shares within six months from the date of approval, and hold 5% to 10% (excluding capital) of shares after the increase in holdings was completed. ② As of the close of trading on January 11, Jiangyin's debt-for-share premium rate was 14.89%, and the conversion price was 3.96 yuan/share, higher than the closing price of 3.65 yuan/share.
Executives are now increasing their holdings through convertible bonds, and Jiangyin has “come up with new ideas” to promote stock conversion!
① Bringing in strategic investors to promote debt-for-share delisting helps banks avoid large payments. At the same time, debt-for-equity swaps also greatly supplement their core Tier 1 capital. ② As of January 5, 2024, Jiangnan Water held 4.206,800 Jiangyin Convertible Bonds, accounting for 21.03% of the total amount of Jiangyin Convertible Bonds issued.
Jiangyin Bank launched the first A-share plan for bank executives this year and played a “new trick”: it is possible to increase its holdings through convertible bonds
① Some directors, supervisors and core personnel of Jiangyin Bank plan to increase their total holdings by no less than 10 million yuan and no more than 20 million yuan over the next six months. ② If all of the bank's convertible bonds are purchased according to the upper limit of 20 million yuan of this increase in holdings, it can also have the effect of supplementing the core Tier 1 capital after the share transfer. ③ It has been 4 years since the last time it introduced a plan to increase the holdings of directors and supervisors. This time, Jiangyin Bank has increased restrictions on the holdings increase plan.
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