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Research Reports Gold Digging | China Securities Co.,Ltd.: Bank Of Jiangsu's Q4 performance accelerates, maintaining a "Buy" rating and a top recommendation for the banking Sector.
CSC's research report points out that in the fourth quarter, Bank Of Jiangsu (600919.SH) saw both revenue and profit accelerate, surpassing our expectations. On the asset side, the growth of Crediting has relatively slowed due to debt resolution, but it remains at a high level of over double digits. On the liability side, corporate funds continue to flow in, leading to improvements in both the liability structure and cost, with the decline in interest spread further narrowing month-on-month. Looking ahead, with faster Crediting growth and excellent asset quality driving the performance, Bank Of Jiangsu is expected to maintain a profit growth rate of around double digits in 2025, leading the industry in performance. It is anticipated that the revenue growth rate for 2025 and 2026 will be 5.
Bank of Jiangsu: Bank of Jiangsu 2024 Annual Performance Report Announcement
Bank of Jiangsu 2024 Annual Results Express Announcement
Express News | Bank of Jiangsu Prelim 2024 Net Profit up 10.8%
Zhongtai: Jiangsu's economic strength is leading and providing strong support. Local banks are expected to benefit from regional beta and their own development layout.
Bank Of Jiangsu and Bank Of Nanjing have excellent performance, solid fundamentals, and are expected to benefit from regional beta as well as their own development layout, maintaining performance superior to the industry.
Suchangchai A (000570.SZ): Received Cash / Money Market dividend payment of 7.165 million yuan from Bank Of Jiangsu.
On January 13th, Leguanghui reported that Sunchai A (000570.SZ) announced that, according to the Shareholders' Meeting of Bank Of Jiangsu Co., Ltd. (referred to as "Bank Of Jiangsu") in 2023, which approved the proposal regarding authorizing the Board of Directors to determine the 2024 interim profit distribution plan, as well as the proposal approved at the 13th meeting of the sixth Board of Directors regarding the 2024 interim profit distribution plan of Bank Of Jiangsu Co., Ltd., the profit distribution plan for the first half of 2024 is: a cash dividend of 0.3062 yuan per share (tax included).
