Can the full-year interest rate spread be maintained? How is the trend of assets quality? Is it possible to further increase dividends? China Citic Bank Corporation management directly addresses market hot topics.
In the next stage, we will continue to seize market opportunities, improve trading capabilities to seek investment returns, enhance the diversification and stability of commission income, and maintain robust growth in non-interest income. The amount of dividends for this interim period is set at 1.847 yuan in cash dividends for every 10 shares, and investors are expected to receive the mid-term dividend for 2024 before the end of the year or before the Chinese New Year next year.
Why did the revenue and profit decrease in the first three quarters? How will the bank of communications respond to interest rate pressure in the fourth quarter? The earnings conference will address multiple hot topics in the industry.
① Regarding the decline in net profit and operating income in the first three quarters, the Bank of Communications said at a performance briefing today that the main thing is that processing fees, investment valuations, and exchange gains and losses were relatively weak, but it is anticipated that the one-time impact of policy factors on rival renewal revenue will gradually subside next year. ② In the first three quarters, Bank of Communications's net interest yield was 1.28%, down 2 basis points from the previous year.
Refrigerant leader zhejiang juhua: Some products in Q4 have stabilized and stopped falling, opportunities outweigh challenges next year | Directly hit the earnings conference
①It is expected that refrigerant prices will rebound comprehensively in Q4, while non-refrigerants will stabilize; ②Look optimistically at next year's performance prospects, highlighting the coexistence of opportunities and challenges; ③Next year, the upward trend of refrigerants is strong, and the competitive landscape has improved somewhat; ④Non-refrigerants are still in surplus, but the risks of a large decline over the past two years have been released.
Shandong Linglong Tyre: Profit improvement from jiegoutiaozheng in product structure Northern America income accounts for approximately 18% | Directly covering earnings conference
1. The product structure is improving, coupled with the overseas second base achieving profitability, Shandong Linglong Tyre's revenue and gross profit for the first three quarters of this year have both achieved growth; 2. Wang Feng, the chairman and CEO of the company, stated that in the first three quarters of 2024, North American revenue accounted for around 18% of total revenue, and the company will actively explore overseas markets in the future and accelerate the selection of the location for the overseas third base.
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kweichow moutai's mid-term dividend is 30 billion yuan. The earliest buyback can be initiated on the 28th of this month. | Quick announcement.
1. Kweichow Moutai plans to distribute a mid-term dividend of 23.882 yuan per share (including tax), with a total cash payment of 30 billion yuan, which meets expectations; 2. In the afternoon of the 27th of this month, Kweichow Moutai will convene a shareholder meeting to deliberate on the repurchase matters, and it is expected to smoothly obtain shareholder approval, meaning that the company can start the repurchase process as early as the next day; 3. Recently, several brokerages have lowered their expectations for Kweichow Moutai's performance growth in 2025, generally expecting around 10%-11%.