Author丨Zhou Yanyan, leaf wheat ear.
Editor丨Li Yumin, Liu Xueying.
Source丨Visual China.
The stock price is urgent, and some bank shareholders have increased their holdings
On December 12, Shanghai Rural Commercial Bank issued an announcement on the plan to stabilize the stock price, and the bank intends to adopt the plan of shareholders Shanghai Jiushi (Group) **hereinafter referred to as "Jiushi Group"), Shanghai Guosheng Group Assets *** hereinafter referred to as "Guosheng Assets") and Zhejiang Shanghai-Hangzhou-Ningbo Expressway Co., Ltd. *** hereinafter referred to as "Zhejiang Huhangyong").Stabilize the stock price by increasing its shareholding in the bank with funds of not less than 15% of the total cash dividends it received from the bank in the most recent year.
According to the announcement, the amount of Jiushi Group's proposed increase in holdings this time is not less than 3820660,000 yuan;Guosheng Assets and Zhejiang Huhangyong plan to increase their holdings by no less than 2441 respectively890,000 yuan and 2431870,000 yuan. The shareholding increase plan does not set a ** range, and will be implemented within 6 months from the date of disclosure of the announcement.
Up to now, Jiushi Group, Guosheng Assets and Zhejiang Huhangyong each hold 74476 shares of the company69.46 million shares, 4760012.14 million shares and 4740489.21 million shares, the corresponding shareholding ratio is. 94% and 492%。
A few days ago, Shanghai Rural Commercial Bank issued an announcement sayingBecause the company's A shares** have been lower than the latest audited net assets per share of 10 for 20 consecutive trading days$22 sharesTherefore, the company's stock price stabilization measures were triggered on November 29. The bank said that it will formulate a specific stock price stabilization plan by December 13, 2023, which will be announced by the board of directors of the company.
On December 13, Shanghai Rural Commercial Bank (601825SH) share price is 568 yuan, down 018%, price-to-book ratio of 050。The 10 rural commercial banks in the A-share market all fell today (December 13), with Changshu Bank leading the decline of 102%。
Figure wind
Judging from the performance from the beginning of the year to the present, 4 of the A-share rural commercial banks are still up year-to-date, including Shanghai Rural Commercial Bank (+2.).61%), Chongqing Rural Commercial Bank (+27.).45%), Zijin Bank (+3.14%), Ruifeng Bank (+3.90%）。Among them, Shanghai Rural Commercial Bank and Chongqing Rural Commercial Bank are the two banks with the highest market value among the 10.
In addition to shareholders increasing their holdings, Shanghai Rural Commercial Bank previously announced that the company's executives will increase their holdings from October 30 to November 1, 2023With its own funds from the secondary market ** common shares of the company**,The trading ** range is RMB5 per share$86 to $597 yuan. Gu Jianzhong, vice chairman, executive director and president of the bank, Jin Jianhua, vice president, and Yu Minhua, vice president and secretary of the board of directors, increased their holdings by a total of 82040,000 shares, of which Gu Jianzhong increased his holdings by 130,000 shares and Jin Jianhua increased his holdings by 1070,000 shares, Yu Minhua increased his holdings by 1120,000 shares. The above-mentioned senior management undertakes to lock up the above-mentioned purchase ** for two years from the date of **.
In fact, the performance of A-share rural commercial banks deviates from the performance of their stock prices. According to the statistics of the 21st Century Business Herald, as of the end of September, 10 A-share listed rural commercial banks had achieved a total operating income of 7742.3 billion yuan, a year-on-year increase of 183%；The net profit attributable to the parent company was 3410.7 billion yuan, a year-on-year increase of 1245%。Among them, Changshu Bank with 21With a year-on-year growth rate of 10%, it ranked first and was the only bank with a growth rate of more than 20%.
It is worth referring to the relevant data of the State Administration of Financial Supervision that at the end of the third quarter, commercial banks achieved a cumulative net profit of 19 trillion yuan, calculated on a comparable basis, a year-on-year increase of 16%。In other words, the performance growth rate of the 10 rural commercial banks in A-shares is higher than the industry average.
In terms of asset quality, 7 of the 10 A-share listed rural commercial banks have a non-performing loan ratio of less than 1%, and only Qingnong Commercial Bank, Chongqing Rural Commercial Bank and Zijin Bank have a non-performing loan ratio of more than 1%. 20% and 116%, and narrowed from the end of the second quarter. 01 and 003 percentage points.
A number of banks have increased their holdings.
From the perspective of A-share banks as a whole, in order to stabilize the stock price recently, shareholders and executives have been increasing their holdings.
On December 11, Industrial Bank announced that from August 1, 2022 to November 30, 2023, Fujian Port Group and its subsidiaries increased their holdings by about 55.9 billion shares of Industrial Bank, with a total shareholding ratio of 011% to 28%。
Bank of Ningbo also announced a few days ago that its shareholder of more than 5% - Youngor Group increased its holdings of the bank's A shares by a total of 2195540,000 shares, the shareholding ratio rose to 997%。
According to statistics, since the beginning of this year, many banks such as Bank of Jiangsu, Bank of Lanzhou, Bank of Xi'an, Qilu Bank, Bank of Chongqing, and Zheshang Bank have increased their holdings by shareholders. It has been particularly frequent since JanuaryThere have been at least 6 cases in which banks have increased their holdings or intend to increase their holdings.
On the evening of November 28, Bank of Suzhou announced that Cui Qingjun, chairman of the bank, and many others plan to increase their holdings of the bank's A shares by no less than 3 million yuan in total from November 10, 2023 to December 29, 2023.
Previously, Bank of Lanzhou also announced that the total amount of shares to be increased was not less than 3267230,000 yuan. There is no ** range for this increase plan.
Bullish on the banking sector in 2024**
Despite the aggressive increase in shareholder holdings, bank stocks continued to underperform.
As of the latest ** price, the price-to-book ratios of 42 A-share listed banks are all below 09 times, including 7 banks such as Minsheng Bank and Huaxia Bank, with a price-to-book ratio of less than 04 times. Bank of Ningbo has the highest valuation at 081 times.
However, holdings in the banking sector continued to increase in the third quarter.
According to statistics, at the end of the third quarter, the proportion of actively managed ** allocation banking sectors, including partial stocks and ** types, increased by 17bp quarter-on-quarter to 165%；The performance of holdings was differentiated, and the "leading" stocks and the outstanding performance** were significantly increased.
Guo Yi, an analyst at Wanlian**, believes that in 2024, driven by the rebound in domestic demand and fiscal policy, it is expected that the investment and consumption of enterprises and residents will gradually be active, the overall macroeconomic recovery pattern, and the gradual alleviation of various debt problems, and the asset quality of the banking industry may remain stable as a whole.
sfc
Editor of this issue: Liu Xueying, Xi Tao Tao.
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