600908 Wuxi Rural Commercial Bank
- 5.58
- +0.06+1.09%
Wuxi Rural Commercial Bank News
Bank of Wuxi (600908): Steady growth in revenue growth, impressive performance of inclusive loans
Incident: Bank of Wuxi released its 2023 annual report. During the reporting period, the company achieved operating income of 4.538 billion yuan, +1.28% year over year; realized net profit of 2,200 billion yuan, +9.96% year over year; ROE (plus
Express News | Continuing to focus on high-dividend stock strategies, two insurers rank among the bank's top ten shareholders
Bank of Wuxi (600908) 2024 Quarterly Report Review: Accelerating Revenue Growth and Steady Asset Quality
Incident: On April 26, the Bank of Wuxi released its 2024 quarterly report. 1Q24 achieved revenue of 1.3 billion yuan, an increase of 5% over the previous year, and net profit of 600 million yuan, an increase of 9.4% over the previous year. Weighted average return on net assets (ROA)
Express News | Bank of Wuxi achieved net profit of 598 million yuan in the first quarter, up 9.41% year-on-year
Bank stocks continue to rise, and support is here! Star Fund managers' holdings increased month-on-month, Huaxia Bank, Qilu Bank, and Bank of Wuxi to the list of new entrants
① The valuation pricing of banks in the financial sector is extremely suppressed by long-term factors. In particular, the valuations of banks with the best historical fundamentals in the sector are both lower in absolute terms. ② As interest spreads continue to narrow and scale expansion slows, banks' revenue capacity may continue to be under pressure, but considering the sector's overall high dividend characteristics and structural opportunities brought about by the division of individual stock operations, sector allocation value will continue to stand out.
Despite Delivering Investors Losses of 2.9% Over the Past 5 Years, Wuxi Rural Commercial BankLtd (SHSE:600908) Has Been Growing Its Earnings
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But every investor is virtually certain to have both over-performing a
Express News | Social Security Fund's 2023 position adjustment trend released, take a sneak peek at heavy stocks in the first quarter
Bank of Wuxi (600908): Maintaining a low level of customer acquisition risk through inclusiveness
Revenue growth is picking up. The company's revenue increased 1.28% year on year in '23, up from the year-on-year growth rate in 23Q3 due to the contribution of non-interest income such as investment income. The company's net interest spread decreased by 2 bps compared to 23H1 to 1.64
Bank of Wuxi (600908): Assets maintain relatively rapid growth and sufficient provisions
On the evening of March 29, 2024, Bank of Wuxi disclosed its 2023 results. In 2023, it achieved operating income of 4.5 billion yuan, YoY +1.28%; net profit to mother was 2.2 billion yuan, YoY +9.96%; weighted
Bank of Wuxi (600908) 2023 Annual Report Review: Steady loan growth and resilient net interest spreads
Incident: On March 29, the Bank of Wuxi released its 2023 annual report, with revenue of 4.54 billion yuan for 23 years, YoY +1.3%; net profit to mother of 2.20 billion yuan, YoY +10.0%; non-performing rate of 0.79%
Bank of Wuxi (600908) 2023 Annual Report Review: Steady expansion of large-scale revenue, increasing shareholders' holdings, showing confidence
Incident: On March 29, the Bank of Wuxi released its 2023 annual report. It achieved annual revenue of 4.54 billion yuan, an increase of 1.3% year on year, and net profit of 2.2 billion yuan to mother, an increase of 10% year on year. Weighted average return on net assets (ROA)
Bank of Wuxi (600908.SH) issued 2023 annual results, with net profit of 2.2 billion yuan, an increase of 9.96% over the previous year. It plans to distribute 2 yuan for every 10 shares
According to Zhitong Finance App, Bank of Wuxi (600908.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 4.538 billion yuan, an increase of 1.28%; net profit attributable to shareholders of listed companies was 2.2 billion yuan, an increase of 9.96% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 2,024 billion yuan, an increase of 5.83% year on year; basic earnings per share were 0.98 yuan/share. The company plans to distribute a cash dividend of 2 yuan (tax included) for every 10 shares based on the total share capital registered on the equity registration date of implementation of equity distribution. By the end of the year, the total assets of the entire bank
Express News | Bank of Wuxi: The qualifications of directors and governors have been approved by the supervisory authority
Express News | The Wuxi debt conversion became the first bank to convert a large percentage of unconverted shares in 30 years
Can the strategy of institutions such as the Shanghai Agricultural Commercial Bank, Qilu Bank, and the Bank of Wuxi successively increase their holdings of bank shares to generate excess dividends?
① Under volatile market conditions, industries related to high dividends continue to be favored by capital due to stable cash flow and dividend advantages. Some agencies pointed out that the banking sector is expected to further generate significant excess profits. ② Recently, a number of banks announced measures to stabilize stock prices. Previously, bank stock prices quickly broke down after listing, passively triggering stock price stabilization measures.
After the listing, Great Wall Life continued to convert shares to increase its holdings, and Great Wall Life became the third largest shareholder of the Bank of Wuxi. Industry: Premium equity swaps are aimed at supplementing capital
① Unlike previous cases where it repeatedly increased its holdings through centralized bidding transactions in the secondary market, this time Great Wall Life increased its holdings through a premium conversion of convertible bonds. ② Industry insiders believe that increasing the holdings of convertible bonds and converting shares through targeted negotiations with shareholders can supplement bank capital and ease capital pressure on small and medium-sized banks. ③ Due to this equity change, Great Wall Life was promoted to the third largest shareholder of Bank of Wuxi.
Express News | The diff layout is a bit different for equity market insurance capital to be listed in the beginning of the year
The shock in A-share bank stocks boosted the Bank of Wuxi by more than 7%
Gelonghui, January 12 | Bank of Wuxi rose more than 7%, while Ruifeng Bank, Bank of Suzhou, Bank of Jiangyin, Bank of Hangzhou, and Bank of Chengdu rose more than 2%.
After 8 years, insurance capital was once again listed as an A-share bank. Great Wall Life increased its holdings of the Bank of Wuxi to 5%. It has been listed three times in less than a year
① Bank of Wuxi announced that the current shareholding ratio of Great Wall Life Insurance has reached 5.00%. In accordance with relevant regulations, the licensing requirements have been met. ② In less than a year, Great Wall Life has listed 3 A-share companies. It also listed the Central Plains Expressway and Zhejiang Communications Technology in June of last year. ③ The listing of Bank of Wuxi this time is an A-share bank again after a lapse of 8 years.
Individual Investors Among Wuxi Rural Commercial Bank Co.,Ltd's (SHSE:600908) Largest Shareholders, Saw Gain in Holdings Value After Stock Jumped 4.4% Last Week
Key Insights Wuxi Rural Commercial BankLtd's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public 48% of the business is h
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