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研报掘金丨开源证券：维持中信银行“买入”评级，预计Q1经营业绩保持平稳

Research Report Nuggets丨Open Source Securities: Maintaining China CITIC Bank's “Buy” Rating, Q1 Business Performance Is Expected to Remain Stable

Gelonghui Finance ·  Apr 18 03:31

According to the Open Source Securities Research Report, China CITIC Bank (601998.SH) has relied on the Group's collaborative advantages and focused on customer hierarchical management in recent years, and has had many highlights in terms of asset expansion, cost pressure reduction, and asset quality improvement. Net profit due to mother in 2023 was 67 billion yuan (YoY +7.91%). The growth rate was the second highest among listed stock banks that have disclosed annual reports, showing good growth resilience. Affected by retail risk exposure in the banking sector, China CITIC Bank may increase its provision plan in 2024Q1 to maintain overall stable asset quality, and the annual net profit growth rate is expected to be steady, moderate and positive. It is expected that its Q1 business performance will remain stable, maintain the company's 2024-2026 profit forecast, and maintain a “buy” rating.

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