002839 Jiangsu Zhangjiagang Rural Commercial Bank
- 4.20
- +0.04+0.96%
Jiangsu Zhangjiagang Rural Commercial Bank News
Zhangjiagang Bank (002839) 2023 Annual Report and 2024 Quarterly Report Review: Revenue and Profit Growth Accelerate, Asset Quality Remains Steady
Incident: On April 29, the Zhangjiagang Bank released the 2023 Annual Report and the 2024 First Quarter Report: 1) Achieved operating income of 4.54 billion yuan in 2023, an increase of -5.9% over the previous year, and achieved net profit of 17
Zhangjiagang Bank (002839.SZ): Net profit of 545 million yuan in the first quarter increased 7.08% year over year
Gelonghui, April 29丨Zhangjiagang Bank (002839.SZ) released its report for the first quarter of 2024. Operating revenue for the reporting period was 1,282 million yuan, up 7.59% year on year; net profit attributable to shareholders of listed companies was 545 million yuan, up 7.08% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 536 million yuan, up 6.01% year on year; basic earnings per share were 0.25 yuan
GF Securities: Bank Overprovision Returns Respond to Valuation Enhancement Proposals Focus on targets such as Bank of Hangzhou (600926.SH)
The Zhitong Finance App learned that GF Securities released a research report saying that in the long run, the bank's valuation level is basically positively correlated with the ROE center, and the contribution of overprovision returns to performance will eventually also be reflected in an increase in valuation. Comparing the bank's current PB-ROE with the PB-ROE after the refund, it can be found that banks with high asset quality and high overprovision rates will clearly move lower to the right compared to the current nominal level. The most obvious banks include Bank of Hangzhou (600926.SH), Bank of Chengdu (601838.SH), and Bank of Changshu (601128.SH)
GF Securities: The gradual release of excess provisions is expected to provide effective support for the performance growth of listed banks
According to a research report released by GF Securities, currently listed banks with relatively stable asset quality generally retain certain excess provisions. If these excess provisions are gradually released in the future, it is expected to provide effective support for the performance growth of listed banks.
Zhangjiagang Bank (002839.SZ): As of January 10, the number of shareholders of the company was 58,999
Gelonghui January 12 | Zhangjiagang Tour (002839.SZ) said on an interactive platform that as of January 10, the number of shareholders of the company was 58,999.
Trip to Zhangjiagang (002839): Interest rate spread resilience exceeds expectations, bad rate fluctuates at a low level
Guide to this report: The 23Q3 revenue of the Zhangjiagang Bank fell 13.2% year on year due to the high base. The profit growth rate was stable, and the asset quality index fluctuated slightly, but overall it remained at an excellent level. Maintain the target price of 5.95 yuan and maintain an increase in holdings rating.
Trip to Zhangjiagang (002839): Profit maintains double-digit growth, marginal increase in capital safety
Event: On October 30, the Bank of Zhangjiagang released its 2023 three-quarter report. The first three quarters achieved revenue of 3.53 billion yuan, a year-on-year growth rate of -3.8%, and net profit of 1.4 billion yuan, a year-on-year increase of 10.2%. Weighted average net worth
Bank of Zhangjiagang (002839): Steady investment of credit, declining credit costs
Credit investment was steady. Credit costs declined in January-September to net profit, operating income, and PPOP of +10.2%, -3.8%, and -7.9%, respectively. Growth rates compared to January-June -3.4pct and -5.3pct
Owe 3.4 billion yuan by Evergrande? The Bank of Cangzhou has a long line to withdraw money, and rumors are beginning to influence the bank
Many banks are busy “clearing up” relationships.
Express News | Guoxin Securities: Subsequent valuation repairs in the banking sector can be expected
Involving Evergrande's $3.4 billion loan? Bank of Cangzhou's latest response! A number of banks “dissociated” their ties with Evergrande
On October 9, the Cangzhou Communist Youth League published a joint announcement from the Yanshan Supervision Group of the former Cangzhou Banking Insurance Supervision Bureau, the Yanshan County Local Financial Management Office, and the Yanshan County Branch of the People's Bank of China. The announcement stated that the negative information on the Internet involving the Bank of Cangzhou is seriously inconsistent with the facts. The vast majority of financial consumers are invited not to believe or spread rumors.
Trip to Zhangjiagang (002839.SZ): No direct business dealings with Evergrande
Glonghui, Oct. 9丨An investor asked a trip to Zhangjiagang (002839.SZ) on the investor interactive platform, “Has the company ever counted how much the company's mortgage amount related to Evergrande is? Has the company ever had a pledged loan or the like with Evergrande?” The company said that up to now, the Bank has no direct business dealings with Evergrande. The Bank is deeply involved in the regional economy, has always adhered to the business philosophy of being small and scattered, serving the three farmers and two small areas, and continues to be deeply involved in inclusive finance.
Trip to Zhangjiagang (002839): Revenue growth rebounded in the second quarter
Revenue growth rebounded in the second quarter. In the first half of 2023, the Bank of Zhangjiagang achieved revenue of 2,386 billion yuan, an increase of 1.41% over the previous year, and achieved net profit of 866 million yuan, an increase of 13.65% over the previous year. Of these, the second quarter was actually in a single quarter
Zhangjiagang Bank (002839) 2023 Interim Report Review: Deposit and Loan Scale Are Expanding Steadily and Profits Maintaining Double Digit Growth
Incident: On August 28, the Zhangjiagang Bank released its 2023 interim report. In the first half of the year, it achieved revenue of 2.39 billion yuan, an increase of 1.4% over the previous year, and net profit of 870 million yuan, an increase of 13.6% over the previous year. Weighted average net assets income
Trip to Zhangjiagang (002839): Revenue growth rate changed to correction, asset quality fluctuated slightly
Guide to this report: The revenue growth rate of the Zhangjiagang Bank turned positive in Q2, but asset quality fluctuated slightly, which dragged down the month-on-month decline in profit growth and was slightly lower than expected, but overall, steady management was achieved. Maintain the target price of 5.95 yuan and maintain the rating for increasing holdings. invests
Trip to Zhangjiagang (002839) 2023 Interim Report Review: Guben and Peiyuan's Special Management
The trip to Zhangjiagang has concentrated on the fertile economic soil of the Jiangsu region. The customer resources, business characteristics and business advantages in the private+small and micro sectors accumulated over the years have continuously consolidated the advantages of the moat for the company's differentiation and sustainable development. Maintain the company's “increase in holdings” rating. Matters: 8
Zhangjiagang Bank (002839.SZ) released first-half results, net profit of 866 million yuan, an increase of 13.65% over the previous year
Zhangjiagang Bank (002839.SZ) released the 2023 semi-annual report. During the reporting period, the company achieved operating income...
Trip to Zhangjiagang (002839): Scale is steadily expanding and credit costs are declining
The scale expanded steadily. Credit costs declined, and the net profit, operating income, and PPOP of the Zhangjiagang bank in January-June were +13.6%, +1.4%, and -1.5%, respectively, and the growth rate was -3.8 pct and +2 from January to January.
Express News | Guoxin Securities: The banking sector's valuation is at a historically low level, maintaining the industry's “overmatched” rating
Trip to Zhangjiagang (002839.SZ): 2022 equity distribution 10 distribution 2 yuan equity registration date May 31
Glonghui, May 25 丨 Zhangjiagang Bank (002839.SZ) announced that the company's 2022 annual equity distribution plan is to distribute RMB 2.0 in cash to all shareholders for every 10 shares (tax included) based on the total share capital after the stock registration date (May 31, 2023) when implementing the distribution plan. The equity registration date for this equity distribution is May 31, 2023, and the expiry date is June 1, 2023.
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