Bank of Tianjin (01578) fell nearly 3%, down 2.81% at press time to HK$1.73, with a turnover of HK$41,400.
The Zhitong Finance App learned that Bank of Tianjin (01578) fell nearly 3%, down 2.81% at press time, to HK$1.73, with a turnover of HK$41,400.
According to the news, the company previously announced its 2023 annual results. The group received net interest income of 11.42 billion yuan (RMB, same below) during the period, a year-on-year decrease of 0.5%; operating income of 16.456 billion yuan, an increase of 4.4%; profit attributable to equity holders of 3.76 billion yuan, an increase of 5.5% over the previous year; and a basic profit of 0.62 yuan per share. As of the end of the reporting period, the bank's total assets were $840.77 billion, up 10.5% from the end of the previous year, with a loan balance of $396.01 billion, up 17.4% from the end of the previous year.
It is worth noting that the Bank of Tianjin paid 0 yuan in cash dividends for the 3 years from 2020 to 2022, and there were no dividends for 3 consecutive years. On March 15, the Securities Regulatory Commission issued “Opinions on Strengthening the Supervision of Listed Companies (Trial)”, which proposes to strengthen the supervision of cash dividends and enhance investor returns. On March 20, according to the performance announcement, during the reporting period, the bank's earnings per share were 0.62 yuan, an increase of 0.03 yuan over the previous year, or 5.1%. Based on business performance, the board of directors has drawn up and reviewed the 2023 dividend plan, with a cash dividend of RMB 1.2 for every 10 shares.