600926 Bank Of Hangzhou
- 13.13
- +0.23+1.78%
Bank Of Hangzhou News
Bank of Hangzhou (600926) 2023 annual report and 2024 Q1 report review: sustained high profitability, stable high provision.
Event: Company released the 2023 annual report and Q1 2024 report. The company achieved a revenue of 35.016 billion yuan in 2023, a year-on-year increase of 6.33%; net income attributable to shareholders was 14.383 billion yuan, a year-on-year increase of 23.15%.
Express News | Cecep solar energy: collect the principal and income of the cash management products on time.
Express News | As of now, 14 A-share listed companies have announced that they will no longer renew PwC as their auditor for the year 2024. Bank of China has adjusted its cooperation with PwC to provide professional services for the review of mid-term financial reports
Bank of Hangzhou (600926.SH): The approved capital instruments issuance quota has been obtained by regulatory agencies.
Bank of Hangzhou (600926.SH) announced on June 7 that the company has received the "Approval of Hangzhou Bank's Capital Instrument Plan Issuance Quota" (Zhejiang Regulatory Bureau of National Financial Supervision and Administration, Zhe Jin Fu [2024] No. 201), which allows the company to issue capital instruments worth no more than RMB 30 billion. The company can independently decide on the specific instrument variety, issuance time, batch and scale within the approved quota and complete the issuance within 24 months after approval.
Express News | PwC has 'lost another deal', with four listed companies canceling contract renewals on the same day.
Following China Merchants Bank, Bank of Hangzhou also cancelled its order with PwC. Four other listed banks have yet to make a statement.
Bank of Hangzhou has announced that its board of directors unanimously passed the resolution to cancel the reappointment of PwC as the accounting firm for the year 2024.
Huabao International Expands Portfolio With Bank of Hangzhou
Express News | Meishuo Technology: Signed a tripartite supervision agreement for special fund-raising accounts and cancelled some special accounts
The A-share banking sector fluctuated and rose in the afternoon. Bank of Ningbo and Shanghai Agricultural Commercial Bank rose more than 3%, Postbank and China Merchants Bank rose more than 2%, and Ruifeng Bank, Bank of Hangzhou, SPD Bank, and Bank of Che
The A-share banking sector fluctuated and rose in the afternoon. Bank of Ningbo and Shanghai Agricultural Commercial Bank rose more than 3%, Postbank and China Merchants Bank rose more than 2%, and Ruifeng Bank, Bank of Hangzhou, SPD Bank, and Bank of Chengdu followed suit.
Orient Securities: Under the guidance of a smooth investment pace, bank credit investment is expected to increase year-on-year in the second quarter
The Zhitong Finance App learned that Orient Securities released a research report saying that looking ahead to the fundamentals of listed banks in the second quarter, and guided by a smooth investment pace, Q2 credit investment is expected to increase year-on-year. The pressure on interest spreads is expected to weaken marginally, and it is expected that interest rates on newly issued loans will stabilize in Q2-Q3. Asset quality is stable overall, but poor forward-looking indicators are rising marginally, so we need to pay attention to the limited room for credit costs to decline. Operating pressure is expected to slow down in the second quarter, and the revenue structure may improve. 1) The pressure to narrow interest spreads has weakened, and combined credit investment may increase year-on-year. The growth rate of net interest income in the second quarter is expected to rise marginally. 2) Net processing fee revenue is expected to continue
Bank stocks rose; Changshu Bank rose more than 2%, while China CITIC Bank, Bank of Hangzhou, Agricultural Bank, and Bank of Communications all rose more than 1%.
Bank stocks rose; Changshu Bank rose more than 2%, while China CITIC Bank, Bank of Hangzhou, Agricultural Bank, and Bank of Communications all rose more than 1%.
Everbright Securities: Before the spread returned to the average, the banking sector was still very attractive in terms of allocation
The Zhitong Finance App learned that Everbright Securities released a research report saying that in the context of the “asset shortage” pressure, the difference between the dividend rate of A-share listed banks and the yield of 10Y treasury bonds is still at an all-time high. Currently, the dividend rates of major A-share banks are generally between 5% and 6%. Before the spread returned to the average, the banking sector was still highly attractive as a “fixed income” type with steady profit growth, high dividend rates, and low valuation fluctuations. Recommended investment targets: ① Small and medium-sized banks in Jiangsu and Zhejiang regions with good regional economic growth, strong epitaxial expansion capacity, and rapid profit growth are recommended to focus on Suzhou (002966.SZ)
Bank of Hangzhou (600926): L23 & 24Q1 performance review
Investment highlights: The Bank of Hangzhou released its 2023 annual report and 2024 quarterly report. The company's profitability remained steady, and ROA and ROE increased year-on-year. The defect rate stabilized at 0.76%, maintaining the company's “better than the market” rating
Bank of Hangzhou (600926) Company Quarterly Report Review: Bank of Hangzhou 23 & 24Q1 Performance Review
Profitability remained steady, and ROA and ROE increased year over year. Bank of Hangzhou's revenue in 2023 was +6.33% YoY, and net profit to mother +23.15% YoY. 24Q1 revenue +3.50% YoY, net profit to mother
19 Bank of Hangzhou Level 2: Full redemption scheduled for May 30
Bank of Hangzhou Co., Ltd. announced that the company plans to exercise the “19th Bank of Hangzhou Level 2” redemption option on May 30, 2024, with the issuer's redemption amount of 10 billion yuan.
Bank of Hangzhou (600926): 1Q24 profit continues to be high and growth attributes are prominent
Incident: On April 19, the Bank of Hangzhou released its 2023 annual report (previously issued a performance forecast) and a report for the first quarter of 2024. The company achieved revenue of 35.02 billion yuan and 97.6 billion yuan respectively in 23Y and 1Q24
The dividend of 0.52 yuan per share was mistakenly written as 5.20 yuan, and the Bank of Hangzhou issued a correction notice
Zhongtai Securities released a research report on April 22 stating that it gave Bank of Hangzhou (600926.SH) an increase in holdings rating. The main reasons for the rating include: 1) quarterly report overview: net profit increased by 21.1%, maintaining
Zhongtai Securities released a research report on April 22 stating that it gave Bank of Hangzhou (600926.SH) an increase in holdings rating. The main reasons for the rating include: 1) quarterly report overview: net profit increased by 21.1%, maintaining a high growth rate on a steady basis; 2) net interest income: +4.2% month-on-month in Q1, stable interest spreads; 3) balance and liability growth rate and structure: high growth in deposits and loans, infrastructure loans are the main support; 4) Please be sure to read the important statement section after the text. (Mainichi Keizai Shimbun)
The banking sector strengthened at the beginning of the market. The Bank of Hangzhou rose more than 2%, the Bank of Communications and the Industrial and Commercial Bank all rose more than 1%, and the Bank of China's stock price reached a record high.
The banking sector strengthened at the beginning of the market. The Bank of Hangzhou rose more than 2%, the Bank of Communications and the Industrial and Commercial Bank all rose more than 1%, and the Bank of China's stock price reached a record high.
A-share bank stocks strengthened, and Bank of China's stock price reached a new high
Glonghui, April 22 | Bank of Hangzhou rose more than 2%, Bank of Communications and Industrial and Commercial Bank both rose more than 1%; Bank of China's stock price reached a new high, with a total market value exceeding 1.39 trillion yuan.
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