601077 Chongqing Rural Commercial Bank
- 4.55
- -0.10-2.15%
Chongqing Rural Commercial Bank News
Chongqing Rural Commercial Bank (03618.HK) achieved net profit of 3.662 billion yuan in the first quarter
Gelonghui, April 26 | Chongqing Rural Commercial Bank (03618.HK) announced that in the first quarter of 2024, the Group achieved net profit of 3,662 billion yuan, of which net profit attributable to the Bank's shareholders was 3,524 billion yuan, down 8.77% and 10.81% respectively from the same period last year, mainly due to changes in credit impairment losses. Credit impairment losses for the current period were 1,333 billion yuan, an increase of 1,203 billion yuan over the same period last year, mainly due to the Group's disposal and recovery of large amounts of non-performing assets during the same period last year, accounting for 70.76% of the year. Therefore, the Group's credit impairment loss comparison base for the same period last year
重慶農村商業銀行：2024年第一季度報告
Bank of America Securities: Maintaining the “Buy” Rating of Rural Commercial Banks in Chongqing and Lowering the Target Price to HK$3.4
Bank of America Securities released a research report stating that it maintains the “buy” rating of Chongqing Rural Commercial Bank (03618), believes that the valuation is attractive and the dividend rate is high (9.3%). Furthermore, the company's overall performance in fiscal year 2024 is expected to be better than the first quarter, but there are still challenges. Based on the continuing operating challenges of CNBC, its profit forecast for the 2024-2026 fiscal year was lowered by 5% to 7%, and the target price was lowered from HK$4 to HK$3.4. The bank estimates that the company's profit for the first quarter was weak, and the increase in net profit recorded a year-on-year decline in units, mainly due to a one-time recovery of bad loans from a customer, which caused impairment loss/credit costs in the first quarter of last year
Bank of America Securities: Maintaining the Chongqing Rural Commercial Bank (03618) “Buy” Rating and Lowering the Target Price to HK$3.4
Bank of America Securities lowered the profit forecast for Chongqing Rural Commercial Bank (03618) for the 2024-2026 fiscal year by 5% to 7%.
Chongqing Agricultural Commercial Bank (601077.SH) approved to issue financial bonds
According to the Zhitong Finance App, the Chongqing Agricultural Commercial Bank (601077.SH) issued an announcement. The bank recently received the People's Bank of China's “Administrative License Approval Decision” (2024) No. 53). The bank was approved to issue financial bonds in the national interbank market. The balance of financial bonds at the end of 2024 did not exceed 28 billion yuan. Among them, the surviving balance of capital bonds such as Tier 2 capital bonds and unfixed term capital bonds does not exceed 50% of the net amount of core Tier 1 capital. The administrative license is valid until December 31, 2024. During the validity period, the bank can independently choose the installment period. This marshal
Chongqing Rural Commercial Bank (03618.HK) approved to issue financial bonds
Gelonghui, April 19 | Chongqing Rural Commercial Bank (03618.HK) announced that Chongqing Rural Commercial Bank Co., Ltd. (hereinafter referred to as the “Bank”) recently received the People's Bank of China's “Administrative License Approval Decision” (2024) No. 53) and was authorized to issue financial bonds in the national interbank market. The balance of financial bonds at the end of 2024 did not exceed 28 billion yuan. Among them, the surviving balance of capital bonds such as Tier 2 capital bonds and unfixed term capital bonds does not exceed 50% of the net amount of core Tier 1 capital. The administrative license is valid until December 31, 2024, at
Wanlian Securities: The bank's overall profit growth or entry into the bottom zone, and the short-term sector's defensive properties are still quite obvious
Looking back, in high dividend strategies, support factors on the denominator side may have responded a lot, and stability on the molecular side has become the key logic for high-dividend stock selection.
Chongqing Rural Commercial Bank (03618.HK) plans to hold a board meeting on April 26 to approve quarterly results
Gelonghui, April 15, 丨 Chongqing Rural Commercial Bank (03618.HK) issued an announcement. The board of directors hereby announces that a board meeting will be held on April 26, 2024 (Friday) to review and approve (including) the unaudited quarterly results of the Bank and its subsidiaries for the three months ended March 31, 2024.
CQRC BANK: 2023 ANNUAL REPORT
Chongqing Rural Commercial Bank's (HKG:3618) Five-year Earnings Growth Trails the 1.6% YoY Shareholder Returns
While not a mind-blowing move, it is good to see that the Chongqing Rural Commercial Bank Co., Ltd. (HKG:3618) share price has gained 11% in the last three months. While the last five years has be
Chongqing Rural Commercial Bank's Profit Rises 6.1% in 2023
Chongqing Rural Commercial Bank's (HKG:3618, SHA:601077) profit attributable to shareholders climbed 6.1% to 10.90 billion yuan in 2023, from 10.28 billion yuan in the year prior, according to a Thurs
Chongqing Rural Commercial Bank (03618) will pay a final dividend of 0.2885 yuan per share
According to the Zhitong Finance App, Chongqing Rural Commercial Bank (03618) issued an announcement that it will distribute a final dividend of RMB 0.2885 per share for the year ended December 31, 2023.
Chongqing Rural Commercial Bank (03618) plans to renew KPMG Hua Zhen and KPMG Hong Kong as external auditors for 2024
Chongqing Rural Commercial Bank (03618) issued an announcement. The bank plans to supervise and manage state-owned assets in the Ministry of Finance documents and Chongqing...
Chongqing Rural Commercial Bank (03618) appoints Huang Wei as securities representative
Chongqing Rural Commercial Bank (03618) issued an announcement that Chongqing Rural Commercial Bank Co., Ltd. will be held on 2024 3...
重慶農村商業銀行：2023年度業績公告
Chongqing Agricultural Commercial Bank (601077.SH) announced its 2023 annual results, with net profit of 10.902 billion yuan, an increase of 6.1% over the previous year
Chongqing Agricultural Commercial Bank (601077.SH) released its 2023 annual report. The company's revenue was 27.956 billion yuan,...
Changjiang Securities: Optimistic about the revaluation of the three types of dividend bank stocks after a short-term pullback
After a short-term pullback, the dividend value of high-dividend bank stocks rebounded in attractiveness.
Chongqing Rural Commercial Bank (03618.HK) plans to hold a board meeting on March 28 to approve annual results
Gelonghui, March 18, 丨 Chongqing Rural Commercial Bank (03618.HK) announced that the board of directors hereby announces that it will hold a board meeting on March 28, 2024 (Thursday) to review and approve (including) the Bank and its subsidiaries' annual results and announcements for the year ended 31 December 2023, and the proposed final dividend (if any).
CQRC BANK: DATE OF BOARD MEETING
Chongqing Rural Commercial Bank (03618) plans to grant 3.5 billion yuan credit to Chongqing Airport
According to the Zhitong Finance App, Chongqing Rural Commercial Bank (03618) issued an announcement. After deliberation at the 40th meeting of the bank's 5th board of directors, it was agreed to grant 3.5 billion yuan of credit to Chongqing Airport Group Co., Ltd., for a credit period of 1 year. According to the announcement, the above related transactions are the bank's normal business, are reasonably priced, meet regulatory requirements and relevant regulations on the bank's related transactions management, and have no significant impact on the bank's normal business activities and financial situation.
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