In 2023 and 2024, many industries will be sluggish, and many people will face the possibility of unemployment. Let's take a brief look.
01 Basic information
The full name of Sunong Bank is Jiangsu Suzhou Rural Commercial Bank, which is a rural commercial bank located in the integrated region of the Yangtze River Delta.
Listed in 2016, it has accumulated **8% so far, and there is no actual controller.
02 Performance
In 2004, Sunong Bank's operating income was 53.6 billion yuan, the highest increase to 403.7 billion yuan, an increase of 6 in 18 years5 times, operating income of 30 in the first three quarters of 2023700 million yuan, a year-on-year increase of 052%。
Net profit for the same period increased from 15.8 billion yuan, an increase to 150.2 billion yuan, an increase of 8 in 18 years5 times. In the first three quarters of 2023, the net profit was 14500 million yuan, a year-on-year increase of 1581%。
Overall, Sunong Bank's performance is relatively good, and it is not easy to achieve such results in 2023 when the economic situation is not good.
03 Asset quality
As of the third quarter of 2023, Sunong Bank has total assets of 201.1 billion yuan, liabilities of 185.6 billion yuan, net assets of 15.5 billion yuan, and a core capital adequacy ratio of 1198%, non-performing loans of 1.1 billion yuan, non-performing loan ratio of 091%, return on equity 929%。
Overall, the asset quality is good and the return on equity is high.
Debt-to-asset ratio
From 2017 to 2022, Sunong Bank's debt ratio fluctuated around 92% overall, and in the third quarter of 2023, it was 9227%。
05 Dividend valuation
Sunong Bank currently has a market value of 8 billion yuan and a dynamic price-earnings of 418 times, static P/E ratio of 538 times, P/B ratio of 053 times. Valuations are at a low level.
The cumulative dividend is 1.6 billion yuan, and the dividend yield is 385%, the dividend is generous.
06 Summary
Overall, Sunong Bank's performance was average.